King Salman holds talks with US state secretary Pompeo

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King Salman receives US Secretary of State Mike Pompeo. (SPA)
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King Salman receives US Secretary of State Mike Pompeo. (SPA)
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King Salman receives US Secretary of State Mike Pompeo. (SPA)
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Crown Prince Mohammed bin Salman and Mike Pompeo met in Riyadh. (SPA)
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Updated 21 February 2020

King Salman holds talks with US state secretary Pompeo

  • Both sides discussed relations between the two countries, and regional and international issues
  • Pompeo also met with Crown Prince Mohammed bin Salman

RIYADH: King Salman received US Secretary of State Mike Pompeo on Thursday, the second day of the US official's three-day visit to Saudi Arabia.

They discussed the distinguished relations between the Kingdom and the United States. They also reviewed the position of the two countries on regional and international events.

 

 

Pompeo then visited American troops at the Prince Sultan air base, south of Riyadh, where some 2,500 US troops are stationed in response to threats from Iran.

"Pompeo's visit to Prince Sultan air base and a nearby US Patriot battery highlights the long-standing US-Saudi security relationship and reaffirms America's determination to stand with Saudi Arabia in the face of Iranian malign behaviour," the State Department said in a statement.

"In response to the attacks and at the request of Saudi Arabia, the United States deployed missile defence, and fighter jets on a defensive mission to deter and protect against any future attacks."

Pompeo is also met with Crown Prince Mohammed bin Salman and deputy defence minister Prince Khalid bin Salman.

Pompeo's visit to the Kingdom comes in the wake of a US-ordered drone strike that killed Qassem Soleimani, Iran's most powerful general, as he visited Baghdad on January 3.


It was Russia, not Saudi Arabia, that pulled out of OPEC+ deal: Saudi ministers

Updated 04 April 2020

It was Russia, not Saudi Arabia, that pulled out of OPEC+ deal: Saudi ministers

  • Saudi foreign and energy ministers say Moscow's claim that Kingdom withdrew from the OPEC+ deal was unfounded
  • They said it was Russia that abandoned the agreement, leading to a collapse in world oil prices

RIYADH: Saudi Arabia's foreign and energy ministers on Saturday denied Russia's claim that the Kingdom abandoned the OPEC+ deal, leading to a collapse in world oil prices.

In a statement carried by the Saudi Press Agency (SPA), Foreign Minister Prince Faisal bin Farhan said "a statement attributed to one of the media of President Vladimir Putin of the Russian Federation claimed that one of the reasons for the decline in oil prices was the Kingdom's withdrawal from the deal of OPEC + and that the Kingdom was planning to get rid of shale oil producers."

"The minister affirmed that what was mentioned is fully devoid of truth and that the withdrawal of the Kingdom from the agreement is not correct," the statement said.

In fact Saudi Arabia and 22 other countries tried to persuade Russia to make further cuts and extend the deal, but Russia did not agree, it said.

Prince Farhan expressed surprise that Russia had to resort to "falsifying facts" when Saudi Arabia's stance on shale oil production is known, the statement said.

He pointed out that Saudi Arabia is one of the main investors in the energy sector in United States, implying that there is no reason for the Kingdom "to get rid of shale oil producers" as Russia has claimed.

He further said the Kingdom "is also seeking to reach more cuts and achieve oil market equilibrium for the interest of shale oil producers."

OPEC+ refers to the cooperation between members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producers. The cooperation deal which called for cuts in production by the producers was meant to stabilize oil prices. 

In a separate statement, Saudi Energy Minister Prince Abdulaziz bin Salman rejected Russian Energy Minister Alexander Novak’s similar claim that the Kingdom refused to extend the OPEC+ deal and withdrew from it.

Novak "was the first to declare to the media that all the participating countries are absolved of their commitments starting from the first of April," Prince Abdulaziz said in a statement.

He said Novak's statement led other countries to decide "to raise their production to offset the lower prices and compensate for their loss of returns." 

On Thursday, Saudi Arabia called for an urgent meeting of oil exporters after US President Donald Trump said he expected the Kingdom and Russia to cut production by 10-15 million barrels per day.

Prince Farhan said he was "hoping that Russia would take the right decisions in the urgent meeting" so that a "fair agreement that restores the desired balance of oil markets" could be achieved.

The global oil market has crashed, with prices falling to $34 a barrel from $65 at the beginning of the year, as a result of the coronavirus pandemic. 

Fuel demand has dropped by roughly a third, or 30 million barrels per day, as billions of people worldwide restrict their movements.

A global deal to reduce production by as much as 10 million to 15 million barrels per day would require participation from nations that do not exert state control over output, including the United States, now the world’s largest producer of crude.

A meeting of OPEC and allies such as Russia has been scheduled for April 6, but details were thin on the exact distribution of production cuts. No time has yet been set for the meeting, OPEC sources said.