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Although Falkh did not outline any specific measures after the damage of two oil tankers on June 13, he said Saudi Arabia would take all necessary measures to ensure the safety of energy shipping routes from Saudi Arabia to its allies in the region.
"We need to protect our infrastructure and our territory, and we are doing so, although some of our facilities are targeted," Farih told reporters in Tokyo.
"But the shipping routes of Global trade also need the joint protection of other countries. We believe that this is going on, but we need to ensure that the rest of the world pays attention to it, "he said after a Japan-Saudi investment conference.
Farih expects OPEC and other oil-producing countries, such as Russia, to meet in the week following the G-20 summit to discuss the extension of the cut-off agreement. The G20 summit will be held in Osaka, Japan, from June 28 to 29.
Fallich said OPEC was close to reaching a consensus on extending the cut-off agreement.
Asked whether Russia agreed to continue reducing production, Farih said "of course."
Fallich said that although trade disputes disrupted global markets, oil demand remained growing, and he said he expected global oil demand to exceed 100 million barrels a day this year.

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