An official source in the Ministry of Foreign Affairs stated that the government of the Kingdom of Saudi Arabia has become aware of the statements made to the Kingdom after the OPEC Plus decision on October 5, 2022, which described the decision as supporting the Kingdom in international conflicts, and that this decision was made for political reasons against the United States of America.
First of all, the Government of the Kingdom of Saudi Arabia would like to express its complete rejection of these statements, which are not based on facts and mainly rely on an attempt to present the OPEC + decision outside its purely economic framework. This decision was taken unanimously by all countries of the OPEC + group.
The Kingdom emphasizes that the outcomes of the OPEC+ meetings are taken on the basis of the collective consensus of the member states, and no country is unique in this without the rest of the member states, and from a purely economic point of view, taking into account the balance of supply and demand in the oil markets and limiting fluctuations, which do not serve the interests of both producers and consumers, which is what the OPEC Plus group does.
Also, the OPEC Plus group independently makes its decisions in accordance with the generally accepted independent practice of international organizations.
The Royal Government would also like to clarify that, based on its belief in the importance of dialogue and exchanges with allies and non-OPEC Plus partners regarding oil market conditions, the Royal Government has made it clear through ongoing consultations with the US Administration that all economic analyzes indicate that delaying the decision by a month, as suggested, would have negative economic consequences.
The Kingdom’s Government states that the attempt to cover up the facts regarding the Kingdom’s position on the Ukraine crisis is unsuccessful and will not change the Kingdom’s original position and its vote in support of decisions taken at the United Nations regarding the Russian-Ukrainian crisis, based on the Kingdom’s commitment to the need for all countries to adhere to the Charter of the Organization United Nations and the principles of international law and its rejection of any encroachment on the sovereignty of States over their territories.
And while the Kingdom seeks to maintain strong relations with all friendly countries, it at the same time declares that it does not accept dictate and rejects any action or effort aimed at changing the high goals for which it works to protect. world economy from oil market fluctuations.
Solving economic problems requires a constructive, non-politicized dialogue, as well as a wise and rational consideration of what serves the interests of all countries, and the Kingdom confirms that it views its relations with the United States of America from a strategic perspective that serves the common interests of the two countries and emphasizes the importance building a solid foundation on which Saudi-American relations are based. Over the past eight decades, represented by mutual respect, promotion of common interests, effective contribution to the maintenance of regional and international security and peace, the fight against terrorism and extremism and the achievement of prosperity and prosperity for the peoples of the region.
