Saudi Arabia stresses OPEC+ Group’s pivotal role in achieve oil market’s balance, stability

Jeddah, The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet’s session held on Tuesday afternoon at Al-Salam Palace in Jeddah.

In a statement to the Saudi Press Agency (SPA), Acting Minister of Media Dr. Majed Al-Qasabi said that the Cabinet touched upon the outcomes of the 33rd OPEC and non-OPEC Ministerial Meeting, noting the pivotal role played by OPEC+ group in achieving balance and stability in the global oil markets, thus supporting the global economy.

The Cabinet stated that Riyadh’s hosting of a regional office of Airports Council International Asia-Pacific reflects Saudi Arabia’s progress in the aviation sector globally in line with the objectives of Saudi Vision 2030 concerning attracting international companies and organizations to establish their headquarters in the Kingdom of Saudi Arabia.

The session also approved a memorandum of understanding between the Saudi Arabia Financial Investigation Unit at the Presidency of the State Security in the Kingdom of Saudi Arabia and the Money Laundering Combating Unit (MLCU) in Egypt regarding cooperation on exchanging financial investigation related to money laundering and crimes related to money laundering and financing extremism.

Source: Bahrain News Agency

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