Saudi Says Gulf Countries Haven't Made Decisions on Increasing Oil Production

Saudi Arabia’s Foreign Minister Faisal said on the 28th that the EU intends to impose an oil embargo on Iran and the Gulf countries have not yet made a decision on the issue of oil production. The Gulf countries hope to see a stable world oil market.

The Fourth Ministerial-level Strategic Dialogue between Turkey and the Gulf Countries was held on the 28th in Istanbul, the largest city in Turkey. The meeting was a closed meeting. The ministers have not disclosed the details of the meeting.

Faisal also said at the press conference that the Gulf countries will only follow the UN resolution.

At the one-day ministerial meeting, the delegates focused on the bilateral relations between Turkey and the Gulf countries and regional security issues, and formulated an action plan to promote economic cooperation in energy, agriculture, and tourism.

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