AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

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.