Riyadh to host third Opec summit

Saudi Arabia will host the third summit of the Organisation of Petroleum Exporting Countries (Opec) from Nov 17 in Riyadh.

The first summit was held in 1975 in Algeria and the second in 2000 in Venezuela. Opec members include Saudi Arabia, Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the United Arab Emirates and Venezuela. The agenda of the two-day summit will not only focus on energy markets and related issues, but also environmental protection topics. Saudi oil minister Ali Al-Naimi said embracing the summit confirms that the Kingdom remains committed to stability in world oil markets.

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