"Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid Falih held a working meeting in Moscow. The ministers discussed the current state of the market, as well as bilateral cooperation. [The sides] noted a good level of dynamics in the development of cooperation in energy and industrial areas," the ministry said in a statement.
"The sides also reaffirmed their intention to continue working on the creation of a long-term structure of interaction between of OPEC [Organization of the Petroleum Exporting Countries] and non-OPEC nations, in order to ensure predictability and stability on the market, in the interests of all market participants, both producers and consumers," the ministry added.
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The Russian Energy Week was first conducted in 2017 and works as a platform for demonstrating the prospects of Russia's fuel and energy industry and searching the potential of international collaboration in the field.
