Prince Saud Al-Faisal, Minister of Foreign Affairs and Norwegian Foreign Minister Jonas Cohr Store held here today a press conference. At the outset of the press conference, Prince Saud welcomed the Norwegian Minister and the accompanying delegation. Prince Saud said, "We held a comprehensive long session today which focused on bilateral relations between the two countries and means on enhancing them in many domains. We look forward to signing the free trade convention in its final form between Gulf Cooperation Council (GCC) countries and countries of European Free Trade Association (EFTA), which in turn will enhance economic ties, contribute to increasing commercial exchange and promoting the exchange of investments in goods and services between GCC countries and EFTA. This will be of a great benefit for both countries. The Foreign Minister will hold today a meeting with the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz". "As oil is one of the important fields for both countries, the existing cooperation between us is of a special importance in the framework of the objectives of stabilizing international oil market to serve the interests of producers, consumers, petroleum industry and global economy. The beginning of this year witnessed a qualitative development in cooperation between us in the field of oil by focusing on environment and petroleum issues and injection of carbon in particular. This keeps abreast of the international efforts and the Kingdom's initiative in the latest OPEC summit held in Riyadh which called for establishing a fund for research in the field of energy, environment and climate change to be supported with a sum of $ 300 million", he added. --More
