BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

RIYADH: Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with foreign ministers of the Gulf Cooperation Council countries (GCC), two Gulf officials said on Tuesday.

Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in the GCC headquarters in Riyadh, said the officials, asking not to be named.

It was unclear what the meeting will focus on, but the officials said the six Gulf ministers will also hold an online meeting with Ukraine’s foreign minister, Dmytro Kuleba, later on Wednesday.

They declined to give details.

Lavrov’s visit will take place one day before an OPEC+ meeting in Vienna, with the group set to stick to an oil production deal agreed last year and raise July output targets by 432,000 barrels per day.

Saudi Arabia and other OPEC members, which have the OPEC+ alliance with Russia, have come under intense pressure from the West to increase oil production and cool red-hot prices amid the Russian invasion of Ukraine.

Saudi Arabia has so far resisted such pressure, arguing high oil prices were caused by geopolitics, stretched refining capacities, and higher taxes in the Western world rather than supply concerns.

West has declared ‘total war’ on Russia: Lavrov

But the West is not giving up. US President Joe Biden and his team have been considering making a stop in Saudi Arabia as well as Israel after he travels to summits in Germany and Spain in late June, sources said earlier this month.

Two senior US officials, Brett McGurk, Biden’s top White House adviser on the Middle East, and Amos Hochstein, the State Department’s energy envoy, visited Saudi Arabia last week.

The two officials discussed Iran, global energy supplies and other regional issues with Saudi officials but did not ask for an increase in Saudi oil exports, the White House said.

Comments

Comments are closed for this article.