Saudi King sends letter to Kazakh president

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud sent a message to Kazakh President Nursultan Nazarbayev.

According to the Saudi Press Agency (SPA), Minister of Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Falih, currently on a visit to Kazakhstan, conveyed the royal message to the Kazakh president.

The two sides areas of cooperation and joint work between the two countries, including cooperation in efforts to rebalance the oil market, which have resulted in a significant improvement in the markets, since the November Agreement in Vienna, which was an important turning point in oil markets, as an understanding was concluded, for the first time, between OPEC member states and other main producing countries, outside it.

The meeting also discussed developments in the world oil markets, process of reducing production between producers inside and outside OPEC and commitment of participating countries to this agreement.

Both countries stressed the need for the participating countries to adhere to the agreed upon reduction quotas.

Preparations for the meeting between OPEC countries and the outside producers to be held in Vienna on November 30, 2017 were also discussed.


The meeting also focused on the latest developments related to agreements and memoranda of understanding signed between the two countries, in the fields of petroleum, petrochemicals, mining, space sciences and a number of joint projects.