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Saudi Finance Minister Participates in Berlin Global Dialogue 2023

Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. Made Nagi/Pool via REUTERS/File Photo
Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. Made Nagi/Pool via REUTERS/File Photo
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Saudi Finance Minister Participates in Berlin Global Dialogue 2023

Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. Made Nagi/Pool via REUTERS/File Photo
Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. Made Nagi/Pool via REUTERS/File Photo

Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan participated in the Berlin Global Dialogue 2023 hosted by the European School of Management and Technology (ESMT) on September 28 and 29.

During the event in the German capital, Al-Jadaan held meetings with government officials and major global investors and participated in sessions on macro-financial policies and economic and financial affairs.

The dialogue seeks to provide a platform for effective communication and dialogue between government leaders and the business sector.

The goal of the platform is to contribute to formulating proper policies and promoting global economic growth.

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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.