GCC welcomes Saudi Arabia's rejection to OPEC+ output cut's criticism | kuwaittimes

Secretary General of the Gulf Cooperation Council (GCC) Dr. Nayef Al-Hajraf

GCC welcomes Saudi Arabia's rejection to OPEC+ output cut's criticism

October 13, 2022 | 01:17 p.m EDT

Riyadh: The Gulf Cooperation Council (GCC) welcomed Thursday Saudi Arabia's rejection to criticisms following a decision by OPEC+ to cut production by two million barrels per day starting next month.

GCC Secretary General Dr. Nayef Al-Hajraf, in a statement, voiced complete solidarity with Saudi Arabia and rejected the baseless criticisms.

Al-Hajraf commended Saudi Arabia's "important and pivotal" role regionally and internationally on basis of mutual respect, compliance with UN Charter and international law, as well as protecting global economy from fluctuations of oil prices.

The reactions against Saudi Arabia, he added, would not change Riyadh's balanced position and commitment to international peace and stability.

The Saudi foreign ministry has expressed "total rejection" to reactions to OPEC+ decision and said they were "not based on facts, and which are based on portraying OPEC+ decision out of its purely economic context."

opec GCC

October 13, 2022 01:17 PM

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