Its statement came a day after Igor Sechin, CEO of Russian oil giant Rosneft, said the September attacks on Saudi oil assets created doubts over its reliability as a supplier.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…473 Views | the publication reaches you by | Saudi Arabia Today
“The quick restoration of the production capacity in Saudi Arabia after the drone attacks has once again underscored professionalism and reliability of the largest producers in the industry,” the ministry said.
“Russia continues active cooperation with Saudi Arabia and the OPEC+ partners in order to improve stability and predictability of the market.”
OPEC+, an alliance of OPEC members and other major producers including Russia, has since January implemented a deal to cut output by 1.2 million bpd to support the market.
The pact runs to March 2020 and the producers meet to review policy on Dec. 5-6.
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