Saudi Ministry denies report on discussions with Russia

VIENNA, June 22, 2018 (Xinhua) -- Saudi Energy Minister Khalid Al-Falih (C) attends the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on June 22, 2018. The Organization of the Petroleum Exporting Countries member states agreed at a meeting here Friday to increase the oil production. (Xinhua/Liu Xiang/IANS) by .
Saudi Energy Minister Khalid Al-Falih (C) attends the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria. (Xinhua/Liu Xiang/IANS)
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Saudi oil company Saudi Aramco announced on Wednesday that it will raise its maximum sustainable capacity to 13 million barrels per day, following the breakdown of talks between OPEC members and Russia on securing a further oil production cut…reports Asian Lite News

Saudi Arabia has denied a media report about reviewing oil prices with a Russia, terming it as “baseless”.

On Wednesday, the Ministry of Investment rejected a Wall Street Journal report published on Tuesday which said that Saudi Minister of Investment Khalid Al-Falih had discussed with Russia’s Energy Minister Alexander Novak to resolve differences in oil production policies, media reported.

Fully supporting the efforts being led by Saudi Energy Minister, Al-Falih “is not playing any role in such discussions nor planning on travelling to Moscow”, the Ministry asserted.

RIYADH, Nov. 20, 2019 (Xinhua) -- Saudi King Salman bin Abdulaziz Al Saud (C, Front) attends the 7th session of the Shura Council in Riyadh, Saudi Arabia, on Nov. 20, 2019. Saudi King Salman bin Abdulaziz Al Saud said on Wednesday that the revenues of the Saudi Aramco's initial public offering will be channelled to Saudi Arabia's sovereign wealth fund to boost investment inside and outside the kingdom, the Saudi Press Agency reported. (Xinhua/IANS) by .
Saudi King Salman bin Abdulaziz Al Saud (C, Front) attends the 7th session of the Shura Council in Riyadh. (Xinhua/IANS)

It highlighted that Al-Falih urged media to avoid publication of any claims that have not been properly corroborated from appropriate and reliable source.

Saudi oil company Saudi Aramco announced on Wednesday that it will raise its maximum sustainable capacity to 13 million barrels per day, following the breakdown of talks between OPEC members and Russia on securing a further oil production cut.

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