Saudi Arabia calls for just solution to Palestinian issue

King Salman chairs the weekly Cabinet session in Riyadh on Tuesday. (SPA)
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Updated 05 February 2020

Saudi Arabia calls for just solution to Palestinian issue

  • Cabinet briefed on king’s talks with Greek PM

RIYADH: The Saudi Cabinet, chaired by King Salman, on Tuesday reaffirmed the Kingdom’s support for efforts to reach a just and comprehensive solution of the Palestinian-Israeli issue.

The Cabinet underscored Riyadh’s efforts to end the conflict, citing its proposal of the Arab peace initiative during the 2002 Arab League summit in Beirut as part of its pioneering role in helping the Palestinian people.
It also expressed its appreciation to the US administration for developing a comprehensive peace plan between the Palestinians and Israelis.
Saudi ministers called for a solution that guaranteed the legitimate rights of the Palestinian people.
The king briefed the Cabinet on discussions he held on Monday with Greek Prime Minister Kyriakos Mitsotakis and telephone conversations with Russian President Vladimir Putin and Palestinian President Mahmoud Abbas.
King Salman and Putin discussed coordination between Riyadh and Moscow to stabilize the oil market.

HIGHLIGHT

• Saudi ministers wants a solution guaranteeing Palestinians’ legitimate rights.

• The Cabinet praised Riyadh’s hosting of the Global Cybersecurity Forum. 

The Cabinet also reviewed the unanimous decision by Arab League foreign ministers at a meeting in Cairo on Saturday to address the US peace plan. The Organization of Islamic Cooperation (OIC) also met to address the proposal. Both organizations stressed the centrality of the Palestinian cause for the entire Arab and Muslim nation, and the need to commit to the peace process as a strategic choice to resolve the conflict. The settlement must be based on the two-state solution and be in line with international resolutions and Arab peace initiatives.
Following the session, Media Minister Turki Al-Shabanah said the Cabinet lauded the Kingdom’s contributions to the programs of the UN Alliance of Civilizations, and its role in promoting a culture of peace and tolerance.
The Cabinet praised Riyadh’s hosting of the Global Cybersecurity Forum.
It also approved the establishment of commissions on literature, publishing and translation, museums, heritage, films, libraries, architecture and design, music, theater and performing arts, visual arts, culinary arts and fashion.


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 46 min 25 sec ago

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.