Contents tagged with Saudi Arabia
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Saudi Minister of Energy: Sanctions against Russia will affect the global energy market
During a press conference, Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said that the new sanctions against Russia can have an impact on the global energy market, RIA Novosti reported.
“Russia is a big supplier of gas to Europe and oil to China. If this happens, it will affect Europe, China and the world,” the minister said, during a press conference in Baku, where the meeting of OPEC+ Monitoring Committee․
The committee will evaluate the measures to …
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Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day.
Meanwhile, experts of ITI Capital Ltd. said that …
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Russia starts supplying Saudi Arabia with Kalashnikov rifles
Aleksandr Mikheev, the Director General of Russia's state agency for exports/imports of defense-related and dual use products (Rosoboronexport), stated at the IDEX arms exhibition that Russia has begun supplying Kalashnikov automatic weapons (AK-103) to Saudi Arabia, RIA Novosti reports.
According to him, the next stage is creating a new licensed production automatic weapon for Saudi Arabia and also for other third world countries.
In the next three to four months, the two parties will …
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Media: Russia detained hundreds of Iranian military in Syria
A large number of Iranian troops and representatives of the Shiite armed groups supporting Bashar Assad are detained in the Russian base in Khmeimim (Syria). The number of detained is in the hundreds, reports Saudi television channel Al-Arabia citing the Syrian center for human rights monitoring.
Among the detained are dozens of commanders.
Al-Arabia suggests that the wave of arrests may be in connection with a battle in the Syrian city Sha’ta.
According to German outlet Spiegel, Moscow …
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Saudi Arabia accuses Russia of sabotaging OPEC+ deal
The world’s largest oil producing countries, having signed another deal in December to maintain world oil prices, are now facing internal strife, finanz.ru reports.
Saudi Arabia, the largest member of OPEC in terms of extraction, and the only country in the world capable of rapidly upscaling or downscaling its oil extraction, believes that Russia’s efforts as part of the market stabilization agreement are inadequate.
By undertaking to reduce extraction by 228,000 barrels per day, Russia is …
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Russia warns US not to interfere in Saudi royal succession
Russia has warned the US not to attempt to interfere in the order of succession in Saudi Arabia, and has expressed its support for crown prince Mohammad bin Salman despite the accusations that he had the government critic Khashoggi killed.
President Putin’s special representative for the Near East said that Prince Mohammed has the full right to the throne after 82 year-old King Salman dies.
“Of course we are opposed to interference. The Saudi nation and leaders must deal with such issues …
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Russia promises Saudi Arabia tens of billions in investments
Russia is prepared to increase its investment in the Saudi Arabian economy, said Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), during the Future Investment Initiative forum in Riyadh.
Dmitriev says that “many companies from the petrochemical sector and other sectors” have expressed interest in investing in Saudi Arabia.
“We believe that, alongside our partners, we will bring in billions and tens of billions of dollars of investment into Saudi Arabia,” he stated.
He …
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Israel threatens Iran with military action if Bab el-Mandeb Strait is blocked
If Iran attempts to close off the Bab el-Mandeb Strait, which serves as the only outlet from the Red Sea, there will be countermeasures taken by an “International Coalition,” asserted Israeli Prime Minister Benjamin Netanyahu.
“If Iran attempts to block the Bab el-Mandeb Strait, I am certain that it will meet the decisive resistance of an international coalition, which will include all branches of the Israeli armed forces,” Netanyahu said, during a visit to the Israeli naval base at Haifa. …
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Kremlin: Qatar negotiates with Russia on the purchase of S-400 air defense systems
Nurmakhmad Kholov, the Russian Ambassador to Qatar said in an interview with TASS that Moscow and Doha are negotiating on the supply of S-400 anti-air missile systems but that "there’s no final conclusion on the discussion."
The diplomat clarified that Qatar might want to buy the weapons but so far there is "discussion around the question." "Apparently, no steps have been taken, and so this is a matter for the future," Kholov pointed out.
The ambassador said that Saudi Arabia is strongly …
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Saudi Arabia threatens to attack Qatar if it purchases Russian S-400 missile systems
Saudi Arabia threatened to use military force against Qatar if Doha purchased Russian S-400 anti-aircraft missile systems, reported the French newspaper Le Monde.
According to the newspaper, the King of Saudi Arabia, Salman bin Abdulaziz Al Saud sent a letter to Paris asking the President of France, Emmanuel Macron to increase pressure on Qatar in order to prevent it from purchasing Russian S-400 missile systems.
The letter expressed the readiness of Saudi Arabia to carry out “military …