Egypt Supports Saudi Arabia’s Position on OPEC+ Decision

General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. (Reuters)

Egypt stressed on Monday its support to Saudi Arabia’s position on the recent OPEC+ decision, reported the Saudi Press Agency.

The Egyptian Foreign Ministry said it was following closely and with interest the reactions to the decision.

It added that Cairo support Riyadh's position in explaining the technical considerations of the decision as it aims primarily to achieve oil market stability and strengthen the international community's ability to deal with current economic challenges.