Owji: Oil industry pivotal in Tehran- Riyadh economic interests
The oil industry can play a “pivotal” role in promoting the common economic interests of Iran and Saudi Arabia, said Iranian Oil Minister Javad Owji on Tuesday night.
The minister, who made the remarks in his meeting with Saudi Ambassador to Iran Abdullah Saud al-Anzi in a ceremony to celebrate the kingdom’s National Day, added Iran and Saudi Arabia are the two major powers in the region and their cooperation will be effective in boosting security and economic development, promoting the Islamic world’s cultural and social activities, and shaping international and energy relations, according to Shana.
Tehran-Riyadh cooperation in regional and international organizations has created new opportunities, said Owji, adding, “In addition to different sections of the United Nations, the Organization of the Petroleum Exporting Countries (OPEC), and the Organization of Islamic Cooperation — with their long respective histories — new international organizations such as the Shanghai Cooperation Organization and the BRICS group will forge the two nations’ bond in the future.”
Iran and Saudi Arabia, as the two founding countries of OPEC, have worked shoulder to shoulder with each other and other OPEC member states for more than 63 years to make unflinching efforts to stabilize the oil market and have experienced ups and downs, said the minister, adding such cooperation in today’s world is “unique”.
“I, as the Iranian head of the Iran-Saudi Arabia Joint Economic Cooperation Commission, believe that the expansion of ties between Iran and Saudi Arabia, as well as with other neighboring states, will open a new chapter in regional development,” Owji concluded.