RUSIA AND SAUDI ARABIA SEALED OIL DEAL
Russia and Saudi Arabia on Monday sealed their oil deal and called for all-out cooperation on a visit to Ryad by Russian President Vladimir Putin.
Space, culture, health, high technology and agriculture: Twenty agreements and contracts, involving investments for billions of dollars were signed in the Saudi capital after talks between Mr Putin and King Salman.
Among them is the "Opep" cooperation charter - an appellation bringing together the 14 cartel countries and ten non-member countries - whose signature formalized an agreement approved several months ago.
This crucial document aims to "strengthen cooperation and further support stability in oil markets," Saudi Minister of Energy Prince Abdel Aziz ben Salmane said in a solemn ceremony to King Salman. and Vladimir Putin.
Saudi Arabia, leader of the Organization of the Petroleum Exporting Countries (OPEC), and Russia, although not a member of the group, have been working closely together in recent years to limit the supply of black gold and try to 'bring back the price.
The last extension of the production cuts, decided by "OPEC", expires at the end of March 2020.
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