Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: OIL
Are we heading toward a global recession?
By : Sadek Al-Rikaby If you think that 2008 crises will not be repeated and banks are well hedged, you are wrong because we are living in fear of a real recession. The decline in oil prices by more than
Libyan naval forces in Tripoli say have seized foreign tanker
Libyan naval forces have seized a Sierra Leone-flagged oil tanker on suspicion of illegally entering Libyan waters in an attempt to smuggle gasoline, authorities said on Saturday. The vessel, the Captain Khayyam, was stopped in Libyan waters on Friday night
Why Turkey and Iran are two odd allies
By : Dr. Majid Rafizadeh The Turkish-Iranian relationship seems to have become more complicated in the recent months. In addition, the lifting of sanctions on Iran appears to mark a new era between Istanbul and Tehran. On the surface, tensions
Saudi industrial city says to speed up, broaden investment
The developer of one of Saudi Arabia’s biggest industrial city projects says it will speed construction of infrastructure and broaden the range of industries it accommodates as part of efforts to diversify the economy beyond oil. With state finances under
U.S. military urges action against ISIS in Libya
Decisive military action is needed to halt the spread of Islamic State of Iraq and Syria (ISIS) in Libya, the top U.S. military officer said on Friday, saying the group wanted to use the north African nation as a platform
Militants attack near Libya’s Ras Lanuf oil terminal
Suspected ISIS militants attacked oil installations close to Libya’s Ras Lanuf terminal on Thursday, an engineer at the port and an energy official allied with the country’s eastern government said, and the group threatened more attacks. The officials said at
India’s share of Middle Eastern oil imports declines
Indian refiners boosted imports of African crude oil in 2015 to the highest in at least five years and slightly cut their intake from Latin America as refiners benefited from changing global oil flows caused by surplus supply. In 2015,
One killed in Canadian oil plant accident
One person was killed and another injured following an explosion at an oil sands plant in western Canada, the Canadian subsidiary of the Chinese company CNOOC said Friday. Canada-based Nexen Energy ULC did not give a reason for the Friday
Major Libyan oil pipeline hit by blast
An explosion hit a major oil pipeline south of the Libyan terminal of Ras Lanuf overnight between Wednesday and Thursday, a spokesman for the Libya’s National Oil Corp said. Mohamed al-Harari said it was not clear what had caused the
Four oil tanks on fire at Libyan ports after clashes
Fires caused by clashes between Islamic State of Iraq and Syria (ISIS) militants and guards near Libya’s biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. Ali al-Hassi said
Russia releases footage of strikes on ISIS oil tankers
Russia has released dramatic images of what officials claim to be a successful strikes targeting ISIS’s oil-smuggling tankers in northern Syria, without being more specific on their location. “We’ve attacked many terrorist bases, hits were identified on targets and much
Russia says its strikes reduce oil smuggling to Turkey
Russia said Friday that trucks loaded with oil continue to cross from Syria into Turkey but in lesser numbers thanks to its bombing campaign against Islamic State of Iraq and Syria (ISIS) jihadists. “Oil tank trucks are continuing to cross
Aramco TV and the beginning of awareness
By : Abdulrahman al-Rashed I have enjoyed reading the book “Aramco TV” by Dr Abdullah al-Madni, which studies the first Arab TV channel in the Gulf. The Arabian American Oil Company (Aramco) has left positive fingerprints on life in the
U.S. officials: ISIS oil going to Assad, some to Turkey
ISIS has made more than $500 million trading oil with significant volumes sold to the government of Syrian President Bashar al-Assad and some finding its way to Turkey, a senior U.S. Treasury official said on Thursday. The United States, France,
Iraq: ISIS smuggles majority of oil via Turkey
Iraq’s premier Haider al-Abadi said Monday that most of the oil smuggled by the Islamic State of Iraq and Syria (ISIS) group goes through Turkey, joining a chorus of countries linking it with the militants’ financing. During a meeting with
Iran: It’s our ‘duty’ to mediate in Turkey-Russia spat
Iran said on Sunday it was its “duty” to mediate between Russia and Turkey as they trade accusations of buying oil from the Islamic State of Iraq and Syria. “Iran has a duty to reduce tensions between Russia and Turkey
Russia accuses Erdogan and his family of ISIS oil trade involvement
Russia’s defence ministry on Wednesday accused Turkish President Recep Tayyip Erdogan and his family of involvement in illegal oil trade with ISIS, as a dispute rages over Ankara’s downing of one of Moscow’s warplanes. “The main consumer of this oil
Breaking the ISIS economy through forensics
By : Dr. Theodore Karasik You have to give Russian President Vladimir Putin credit for attracting more attention to ISIS financial streams coming from state actors. Putin has recently raised the concept of ISIS funding to a whole new level,
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