Over SAR6 Bln to Be Invested in Environmental Compliance Projects in Saudi Arabia until 2030

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
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Over SAR6 Bln to Be Invested in Environmental Compliance Projects in Saudi Arabia until 2030

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti said on Monday over SAR6 billion will have been invested in environmental compliance projects in Saudi Arabia by the end of 2030.

He made his remarks at the inaugural two-day Environmental Compliance Forum in Riyadh that ended on Monday.

Al Mushaiti stressed that the environment is closely related to the economy, community health and quality of life, and as such, it is one of the priority areas of the wise leadership, whose support contributed to an “unprecedented development of the environment, water and agriculture sectors” in line with the Kingdom's Vision 2030.

He said the Ministry of Environment, Water and Agriculture started to draw up the National Environment Strategy in 2016, and “through practical steps and practices, provided sustainable solutions, with the participation of the private sector, which played a crucial part in achieving many environment-friendly development goals”.

He added that the current forum sought to stress the importance of cooperation to create a sustainable environment that contributes to preserving natural resources, boosting the quality of life and improving the services provided to individuals.

According to a 2014 study by the World Bank, the cost of environmental degradation exceeded SAR86 billion, he noted.

Protecting the environment, he stressed, is crucial to ensuring environment, food and water security, and to progressing and achieving economic prosperity.

Al Mushaiti also highlighted Saudi Arabia’s “remarkable strides” in protecting the environment, preserving natural resources and achieving progress in global indicators.



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.