Qatar yesterday welcomed the results of the consultations over oil market stability held between Saudi Arabia and Russia on the sidelines at the G20 summit in China.
HE Dr Mohamed bin Saleh al-Sada, Minister of Energy and Industry, in a statement to QNA said the coordination between Saudi Arabia and Russia, world’s leading exporters and producers of oil, is very important for the oil sector. The two countries yesterday agreed to establish a mechanism for cooperation to monitor global oil market and keep prices stable.
Al-Sada said Qatar would continue to intensify its efforts to seek common understandings for the benefit of the global economy. He also said, “Qatar economy is stable and robust and that the growth rate this year has reached 4%, despite the current global circumstances.”
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