Saudi officials have confirmed that the “OPEC Plus” decision to cut production, which has caused tensions with the United States, is economic, stressing that the dispute with the United States over the energy file is “transient”.
The “OPEC Plus” group, which consists of the thirteen member countries of the Organization of the Petroleum Exporting Countries (OPEC) led by Saudi Arabia and its ten partners led by Russia, decided this month to reduce oil production quotas to offset the falling support. crude prices.
The White House opined that the decision to cut production, which is in Moscow’s interest, means that Riyadh has decided to assist Russia, while Washington seeks to deprive it of its sources of income, particularly in the energy sector, in response to its attack. on Ukraine.
In a speech on Tuesday in the activities of the sixth edition of the “Future Investment Initiative Conference” held in Riyadh, the Saudi Minister of Energy, Prince Abdulaziz bin Salman, said that the Kingdom is “communicating with many European governments on the current crisis,” and notes that “the current crisis can This will be the worst energy crisis.”
He added: “It’s not about the recession, it’s about how serious the recession is.”
He pointed out that “Saudi Arabia is the most reliable supplier of oil,” and emphasized, “Aramco supplied Europe with 490,000 barrels last year, but last September the amount was 950,000 barrels.”
When asked about the strained relations with Washington, the minister responded by saying that the kingdom had decided to be the “conscious party”, according to statements cited by Reuters.
For his part, Saudi Investment Minister Khalid Al-Falih stressed in statements to the “Future Investment Initiative Conference” on Tuesday that the dispute between Washington and Riyadh is “transient”, according to what was reported by “Bloomberg”. .
“In the long term, we are strong allies… We will get through the recent disagreement, which I think was unjustified and I hope a misunderstanding,” Al-Falih told global executives, investors and Saudi government officials.
He noted the strong ties between the two countries in the fields of companies, education and people-to-people relations.
The Saudi ambassador to the United States, Princess Reema bint Bandar bin Sultan Al Saud, said in an interview with CNN that Riyadh and Washington have violated differences in the past, and noted that the same will happen with regard to the recent tensions.
According to the young ambassador Excerpts from the interviewpublished by the channel’s announcer, Becky Anderson: “Obviously we’ve reached the point of contention, and a lot of people have tried to politicize it, but you’re hearing it now from the owners of the business. It’s not political , but rather it is purely economic and is based on 40 or 50 years of experience in mapping Attitudes. We do not get involved in anyone’s politics. We participate simply as a balance of power and a stabilizing factor for the economy through the energy market as we have done historically.”
“A lot of people have tried to politicize it, but you’re hearing it from the horse’s mouth. It’s not political.” Saudi Arabia’s ambassador to the US @mrbalsaud He tells me in an exclusive interview that there is ‘clear disagreement’ with DC over the OPEC+ deal. pic.twitter.com/mz29Dt6OhG
— Becky Anderson (@BeckyCNN) October 25, 2022
And regarding the accusations leveled by the US administration against Saudi Arabia of “bias with Russia” after the “OPEC Plus” move, the ambassador said in the interview, which will be broadcast in full later on Tuesday: “The kingdom has a policy of dealing with all, those with whom we agree, and those with whom we do not.” .
She emphasized that it was the relationship between Saudi Arabia and Russia that made the release of prisoners of war, including Americans, possible.
She added: “We look at our role as a mediator and interlocutor,” referring to the humanitarian support that Riyadh provides to Ukraine in terms of aid and refugee support, and said: “This is the value of our participation. Is this bias towards Russia? No.”
She stressed that “the disagreement is fine… We have disagreed in the past, and we have agreed in the past, but the most important thing is to realize the value of this relationship.”
In response to a question about whether the Kingdom could do without the United States, she said: “The world cannot do without the relationship with the United States. There is no doubt about it. The United States is the United States, because for 80 years it was our strategic ally, and for 80 years it was Our partner I hear a lot of people talking about reforming or revising the relationship, and I actually think it’s a positive thing, this kingdom is not the kingdom it was 5 years ago, it’s not the kingdom it was 10 years ago.”
“So every analysis that was there before is no longer relevant. We are a young country, we have a young leadership. We have an ambition and a goal to engage with the world in a way that we haven’t done before.”
Options Riyadh and Washington.. Will Saudi Arabia “Sell” US Treasuries?
The Wall Street Journal says in a long report, discussing the deterioration of US-Saudi relations, that the decision of the Kingdom-led OPEC Plus to reduce oil production US President Joe Biden’s determination to maintain the strategic relationship between the two countries to reconsider, increased. , and the direction seems to be on it. The crown prince of Saudi Arabia, Mohammed bin Salman, too.