Stabilize the world oil market - Libya and Saudi Arabia on Monday expressed their willingness to stabilize the world oil market, saying their membership of international organizations like OPEC and OAPEC, would facilitate the move.
The two countries insisted on the importance of their relations as oil-producing countries and having the same ambitions of strengthening the oil industry and its independence.
Speaking in Riyad at the end of an audience with his Saudi counterpart, Ali al-Nuami, the Libyan oil minister, Abdelbari al-Aroussi, said Libya wishes to benefit from the Saudi experience in the development of its oil industry, both in the field of management and capacity development.
The Libyan minister added 'We are determined to cooperate with Saudi Arabia in all fields and at all levels.'
Also speaking, the Saudi oil minister affirmed that, apart from cooperating in the oil industry, the two countries would share experiences and expertise in the sector.
Under the Mouammar Kadhafi regime, the two countries were at logger heads over oil policies, including the fixing of oil prices.