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Tag Archives: Oil

Sisi calls Putin while visiting Libya

Egyptian President Abdel Fattah El-Sisi made a phone call on Saturday to his Russian counterpart Vladimir Putin to discuss the current situation in Libya. The two sides agreed to intensify joint efforts and coordination to settle the crisis in Libya, achieve the desired aspirations of the Libyan people, combat armed militias and …

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Frances finalises multibillion arms sale to UAE

France announced multibillion-euro deals Friday to sell fighter planes and combat helicopters to the United Arab Emirates, aiming to boost military cooperation with its top ally in the Persian Gulf amid their shared concerns about Iran. The UAE is buying 80 upgraded Rafale warplanes in a deal the French Defense …

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High profile UAE delegation headed to Iran soon

A senior Emirati official said on Tuesday the United Arab Emirates would soon send a delegation to Iran as part of efforts to improve ties with rival Tehran. “I hope that it is the sooner the better and all our friends are aware of it,” Anwar Gargash, diplomatic adviser to …

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Unlike UAE Qatar not planning to normalise with Syria

Qatar is not considering normalising ties with Syria and hopes other countries will be discouraged from taking further steps with President Bashar al-Assad’s government, foreign minister Sheikh Mohammed bin Abdulrahman Al-Thani said on Friday. His comments at a joint news conference with U.S. Secretary of State Antony Blinken in Washington …

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OPEC defends fossil fuels at COP62

Top representatives of the oil producer group OPEC defended a future role for fossil fuels at the U.N. climate conference https://www.reuters.com/business/cop on Wednesday, arguing the world can slash greenhouse gas emissions without swearing off oil and gas. The arguments clashed with the efforts of the summit’s British hosts to secure …

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Saudis denounce allegations made at COP26

The Saudi energy minister hit out on Wednesday at “lies” and “fabrications” over the Kingdom’s stance at the COP26 climate change summit in Glasgow. After a speech in which he strongly defended Saudi Arabia’s track record in combating global warming, Prince Abdulaziz bin Salman was asked about “serious allegations” that …

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Japan cooperates with Saudi on hydrogen

Economy, Trade and Industry Minister KAJIYAMA Hiroshi says Japan recognizes that Saudi Arabia and other Middle Eastern countries are important partners in creating a hydrogen-based society. “The large-scale and inexpensive hydrogen supply is indispensable,” Kajiyama said at a press conference on Friday. “To achieve our goal, it is important to …

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Wildfires rife in Algeria, dozens killed

At least 25 soldiers died saving residents from wildfires ravaging mountain forests and villages east of Algeria’s capital, the president announced Tuesday night as the civilian toll rose to at least 17. President Abdelmadjid Tebboune tweeted that the soldiers were “martyrs” who saved 100 people from the fires in two …

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Iraq desperately needs $4 billion from IMF

Iraq restarted talks with the International Monetary Fund (IMF) after previously halting efforts to secure aid, the country’s finance minister Ali Allawi told reporters on Thursday, according to Bloomberg. Talks between both parties began last year amid the coronavirus (COVID-19) pandemic as demand shock sent oil prices tumbling, but were …

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IEA worried about emissions once COVID crisis abates

Rising consumption in the wake of the COVID-19 pandemic is set to drive greenhouse gas emissions to all-time highs, the International Energy Agency said on Tuesday. “We estimate that full and timely implementation of the economic recovery measures announced to date would result in CO2 emissions climbing to record levels …

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Andijan people are warm and friendly

Zakhriddin Mukhammad Bobur is a significant person in Uzbekistan’s history. In Central Asian history, he remains as a great ruler and commander who managed to found a huge empire which existed more than 300 years after his death. He placed himself on record not only in the history of the …

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Biden a threat to cordial US-Saudi relations

Saudi Arabia’s crown prince enjoyed a near free pass under his personal relationship with U.S. President Donald Trump, but the kingdom’s brazen young leader will have to tread more carefully should Democrats take the White House and reset strategic ties. Riyadh’s human rights record, with the brutal 2018 murder of …

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US renews Iraq waiver to import energy from Iran

The United States said on Thursday it had renewed a waiver for Iraq to import Iranian electricity, this time for 60 days to enable Baghdad to take “meaningful actions” to reduce its energy dependence on neighbouring Tehran. The waiver will continue to exempt Iraq from U.S. sanctions reimposed on Iran, …

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Iran holds annual drill in Strait of Hormuz

Iran’s military launched an annual drill in the Gulf near the strategic Strait of Hormuz waterway, Iranian state TV reported on Thursday, at a time of high tension between Tehran and Washington. The three-day exercise in the eastern side of the strait in the Gulf of Oman is aimed at …

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UAE warns Turkey about meddling in Libya

The United Arab Emirates minister of state for foreign affairs said on Saturday that Turkey should stop interfering in Arab affairs, criticising comments on Libya made by Turkey’s defence minister. Turkish media had reported the Turkish minister making remarks critical of the UAE’s actions over Libya. The UAE, alongside Egypt …

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