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S. Korea, Saudi Arabia Agree To Boost Oil Cooperation To Ensure Stable Supply – Ministry

South Korea and Saudi Arabia have agreed to boost energy cooperation to ensure stable oil supplies after the decision by the Organization of the Petroleum Exporting Countries Plus to cut oil production by 2 million barrels per day, the South Korean Ministry of Trade, Industry and Energy said on Wednesday

MOSCOW (UrduPoint News / Sputnik – 02nd November, 2022) South Korea and Saudi Arabia have agreed to boost energy cooperation to ensure stable oil supplies after the decision by the Organization of the Petroleum Exporting Countries Plus to cut oil production by 2 million barrels per day, the South Korean Ministry of Trade, Industry and Energy said on Wednesday.

“During the meeting, the two sides stressed the need for cooperation between oil suppliers and importing nations to stabilize the oil market. They also made sure that they are credible trading partners and agreed to continue close work in energy to ensure stable supply…

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