The government of Pakistan on Tuesday endorsed the decision of Saudi Arabia, as the de facto head of the Organization of Petroleum Exporting Countries and allies (OPEC+), to slashing oil production by 2 million barrels per day (BPD)
In response to “statements made against the Kingdom” in relation to the most recent OPEC+ decision, Pakistan threw its support behind the Kingdom of Saudi Arabia on Tuesday.
The US has criticized the production reduction, and the Biden administration has stated that it will “re-evaluate” ties with Saudi Arabia. The Biden administration is also thinking of trying to persuade US businesses to cut their commercial relations with Saudi Arabia.
According to a statement from the Ministry of Foreign Affairs, Pakistan “expresses solidarity with the leadership of the Kingdom of Saudi Arabia in the wake of accusations made against the Kingdom in the context of the OPEC+ decision.”
We understand the Kingdom of Saudi Arabia’s concerns about preventing market volatility and promoting global economic stability, the statement continued.
The statement said, “Pakistan encourages a constructive approach to such challenges based on collaboration and mutual respect.”