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03:00

UAE: All countries agree to stick to OPEC+ deal - Russian Energy Minister Novak

United Arab Emirates, Abu Dhabi
September 12, 2019 at 14:58 GMT +00:00 · Published

The energy ministers of Saudi Arabia and Russia held a joint press conference closing the 24th World Energy Congress in Abu Dhabi on Thursday.

Russian Energy Minister Alexander Novak said all participants "agreed to stick to the full implementation of the agreement" signed by OPEC and allies to cut oil production and boost the market in December 2018.

"We have all the necessary instruments to quickly react if the market is facing difficulties," Novak added.

Saudi Arabian Energy Minister Abdulaziz bin Salman Al Saud said the meeting was "productive," "fruitful" and "transparent" before adding that Russian Energy Minister Alexander Novak and himself "have awakened up to a new reality."

The World Energy Congress has been taking place since 1924, and is considered as one of the world's largest energy forums.

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Description

The energy ministers of Saudi Arabia and Russia held a joint press conference closing the 24th World Energy Congress in Abu Dhabi on Thursday.

Russian Energy Minister Alexander Novak said all participants "agreed to stick to the full implementation of the agreement" signed by OPEC and allies to cut oil production and boost the market in December 2018.

"We have all the necessary instruments to quickly react if the market is facing difficulties," Novak added.

Saudi Arabian Energy Minister Abdulaziz bin Salman Al Saud said the meeting was "productive," "fruitful" and "transparent" before adding that Russian Energy Minister Alexander Novak and himself "have awakened up to a new reality."

The World Energy Congress has been taking place since 1924, and is considered as one of the world's largest energy forums.

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