Saudi, Russia continue to work within OPEC+ framework

Russia and Saudi Arabia will continue coordinating steps on the global oil market within the framework of the OPEC+ oil production capping agreement, Russian TASS news agency reported, citing Russia’s Foreign Minister Sergey Lavrov.

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"We agreed to continue coordinating steps on the global oil market in the OPEC+ format, which has been established and functions successfully, largely owing to proactive efforts of Russia and the Kingdom of Saudi Arabia," Lavrov said.

"We discussed steps undertaken by our relevant agencies for coordination of major new projects in various spheres, including energy, peaceful use of nuclear power, industry, agriculture, and transport infrastructure," the minister added.