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Saturday, Nov 26, 2022

OPEC+ decision taken unanimously for ‘economic reasons’: Saudi defense minister

OPEC+ decision taken unanimously for ‘economic reasons’: Saudi defense minister

Saudi Arabia’s Defense Minister Prince Khalid bin Salman said on Sunday that the decision by OPEC+ to cut oil output was taken unanimously and for “purely” economic reasons.

In a series of tweets, the Saudi defense minister expressed the Kingdom’s astonishments by the accusations that it is “standing with Russia” in its war with Ukraine, adding: “Iran is also a member of OPEC, does this mean that the Kingdom is standing with Iran as well?”


“It is telling that these false accusations did not come from the Ukrainian government,” he added.

Earlier in October, OPEC+, the producer group comprising the Organization of the Petroleum Exporting Countries (OPEC) plus allies including Russia, announced its new production target after weeks of lobbying by US officials against such a move.

The decision, however, provoked accusations that the Kingdom was taking sides in international conflicts and that it was politically motivated against the US.

Saudi Arabia rejected these accusations saying they were “not based on facts,” and reaffirming that the OPEC+ decision was adopted through consensus.

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