Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia and Saudi Arabia Signed a Joint Statement
5.09.2016 17:23
Russia and Saudi Arabia Signed a Joint Statement

Russia and Saudi Arabia, providing 21% of global oil consumption, signed a joint statement to stabilize the oil market. The statement was signed by Russian Energy Minister Alexander Novak and Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia Khalid Al-Falih. 

The ministers noted the presence of long-term challenges in the global oil market, which, inter alia, include a significant reduction in worldwide capital expenditure in oil production, particularly in exploration, as well as the mass cancellation of investment projects that in general has already led to more volatile and therefore unstable situation in the oil market both for producers and consumers. 



Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Russian Airlines Continue Flying through Iranian Airspace
The Russian Government Restricts Traffic through 16 Checkpoints on the Border with China
Russia Closes Access through Checkpoints on the Border with Mongolia for Chinese Citizens
Russia Lost Three Lines in the Ranking of World Passports

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
gambling in Russia  Russian tourism  St. Petersburg  Natalia Osipova  Nikolay Beketov  Zelenograd  Music Festivals  Russian cities  Russian Cinema  Marina Neyolova   Russian airlines  Russian beaches  Sergey Reznik  travel to Russia  Anthems  Republic of Tatarstan  Floating University  Exhibitions in Moscow  Film Distribution  science units  Crimea  Norilsk Nickel  Russia  buy Russian designers  Olympic Sport Center  City Hunter  Russian supermodels  Rosneft  virtual office St. Petersburg  Gorky Park  Moscow planetarium  Moscow  Yuri Stepanov  Tula Region  Bolshoi Theatre  Saint Petersburg  Mercedes-Benz Fashion Week Russia  Influenza   Yoshkar-Ola  Censorship  biking in Russia  anniversary  Kuznetsk Basin  Tourist map  New Year's Day  Russian business  Stalingrad  Festivals in Moscow  Historical Exhibitions  Russian regions 

Travel Blogs
Top Traveling Sites