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Saudi Arabia to Preserve Daily Oil Output Level at Under 10Mln BPD in Winter

Riyadh will keep the oil output level at under 10 million barrels per day by the end of winter.

VIENNA (Sputnik) — Saudi Arabia will preserve the oil output level at under 10 million barrels per day (BPD) in January and February, Saudi Energy Minister Khalid Falih said Sunday.

“This will be preserved as of today, January"...

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EXTRA: Shell Exits Saudi Arabia Partnership To Progress Asset Sales
January 23, 2017

Royal Dutch Shell PLC on Monday said it has agreed to sell its 50% share of the Saudi Petrochemical Co (Sadaf) for USD820 million after working with its partner Saudi Basic Industries Corp for almost three decades.

'A' shares in the FTSE 100-listed oil and gas giant were trading down 0.7% on Monday afternoon at 2,208.0 pence, with"...

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Saudi Arabia congratulates Trump, keen on enhancing ties with US
January 23, 2017

The Cabinet, chaired by King Salman at Al-Yamamah Palace on Monday, congratulated President Donald Trump on assuming the presidency of the US. The Cabinet commended deep relations between the Kingdom and the US and their keenness on enhancing those ties in various fields to serve the common interests of the two countries and their people. The Cabinet strongly condemned all illegitimate settlement activities practiced by Israel in the occupied Palestinian territories. It rejected...

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Ministry of Labor and Social Development, Hadaf under virus attack
January 23, 2017

Ministry of Labor and Social Development spokesman Khaled Aba Al-Khail said the ministry and the Human Resources Development Fund’s (Hadaf) electronic systems were attacked by a virus, but they are coordinating with the National Center for Cybersecurity (NCC) at the Ministry of Interior to address the problem.
Both the ministry and Hadaf have taken necessary steps for the safety of their systems, he said, adding that no significant damage was done as a result of the...

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Omar Al-Bashir in Riyadh to reinforce bilateral cooperation
January 23, 2017

Sudanese President Omar Bashir, who arrived here Monday, held talks with King Salman to discuss bilateral relations and regional issues of mutual interest to further enhance cooperation on economic, political and security levels between the two countries.
“Saudi Arabia and Sudan signed an agreement to support a water project in Sudan,” an official at the Sudanese embassy in Riyadh told Arab News.
“The water agreement came in the form of a framework of...

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EXTRA: Shell Exits Saudi Arabia Partnership To Progress Asset Sales
January 23, 2017

Royal Dutch Shell PLC on Monday said it has agreed to sell its 50% share of the Saudi Petrochemical Co (Sadaf) for USD820 million after working with its partner Saudi Basic Industries Corp for almost three decades.

'A' shares in the FTSE 100-listed oil and gas giant were trading down 0.7% on Monday afternoon at 2,208.0 pence, with"...

Continue Reading

Saudi Arabia congratulates Trump, keen on enhancing ties with US
January 23, 2017

The Cabinet, chaired by King Salman at Al-Yamamah Palace on Monday, congratulated President Donald Trump on assuming the presidency of the US. The Cabinet commended deep relations between the Kingdom and the US and their keenness on enhancing those ties in various fields to serve the common interests of the two countries and their people. The Cabinet strongly condemned all illegitimate settlement activities practiced by Israel in the occupied Palestinian territories. It rejected...

Continue Reading

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