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NEWSPakistan

Pakistan backs Saudi Arabia after OPEC+ output cut riles US

SRI NewsDesk
By SRI NewsDesk Published October 19, 2022
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Pakistan has thrown its weight behind longtime supporter Saudi Arabia amid an ongoing rift over global oil painting product cuts and the US hanging Riyadh with consequences.

“In the wake of statements made against the Kingdom in the environment of(the) OPEC decision, Pakistan expresses solidarity with the leadership of the Kingdom of Saudi Arabia,” the Foreign Ministry said in a statement on Tuesday.

The statement was issued by the ministry amid adding pressures between Saudi Arabia and the US, with the ultimate explosively opposing the proposed oil painting product cuts by the area-led oil painting combination, OPEC, calling it a “moral and military support” for Russia’s ongoing attacks against Ukraine.

Riyadh, for its part, has denied that its conduct was politically motivated, claiming that it was seeking to ensure request stability.

Pakistan’s response comes days after US President Joe Biden expressed “dubieties” over the safety of Islamabad’s nuclear programme at a fundraiser.

“We appreciate the enterprises of the Kingdom of Saudi Arabia for avoiding request volatility and icing global profitable stability,” the statement said.

Islamabad has stated that it encourages a “formative” approach to similar issues grounded on engagement and collective respect.

“We reaffirm our long-standing, abiding and brotherly ties with the Kingdom of Saudi Arabia,” the statement added.

Read More:  Biden warns of ‘consequences’ for Saudi Arabia over OPEC+ oil cuts

Read More:  Joe Biden has ‘no plans’ to meet Saudi Arabia’s MBS at G20 summit

Gulf nations back OPEC’s decision

Meanwhile, the United Arab Emirates said OPEC made the correct specialized choice when it agreed to cut production targets and the amicable decision had nothing to do with politics, Energy Minister Suhail al Mazrouei said on Tuesday.

Independently, an on-OPEC member but a large LNG exporter, Qatar said that they do not accept the politicisation of the combination’s decision.

“We aren’t members of OPEC, but in our experience as a former member of the organisation, opinions are made on the base of specialized and marketable data to achieve force-demand balance within the organisation. We refuse to politicise the decision of cutting oil painting products,” Qatari Energy Minister Saad al Kaabi said during a conference on Tuesday.

On October 5, Saudi Arabia, which chairs the oil painting combination, suggested in favour of reducing the affair by about two million barrels per day, with the White House professing that it not only advanced its support but also worked diligently behind the scenes to insure the bloc enforced them, putting pressure on other nations to fall in line.

While President Biden has vocally criticised the area and advised of impending consequences, he has not revealed the nature of his response.

The cut also comes nearly a month before the US quiz choices, which Egalitarians appear vulnerable to losing because advanced gas prices in a country with rampant affectation are doubtful to boost their electoral prospects.

Read More:  National Security Strategy 2022: A New Posture of the US Chessboard

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