Bahri: Saudi Oil Tanker Amjad Was Not Targeted in Red Sea

A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
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Bahri: Saudi Oil Tanker Amjad Was Not Targeted in Red Sea

A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis

Saudi shipping firm Bahri said on Tuesday its tanker Amjad was not targeted in a Red Sea attack, and that it had been spared any damage from the incident that hit another tanker that was sailing nearby.

"We unequivocally affirm that AMJAD was not targeted and sustained no injuries or damage. The vessel remains fully operational and is proceeding to her planned destination without interruption," Bahri, which owns and manages Amjad, said in a statement titled "Unexplained aerial activity reported.

"Bahri has promptly informed all relevant authorities and remains in continuous communication with our crew as we vigilantly monitor the situation," it added.



Egypt Aims to Restore Normal Output at Gas Fields by Summer 2025

Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/File Photo Purchase Licensing Rights
Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/File Photo Purchase Licensing Rights
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Egypt Aims to Restore Normal Output at Gas Fields by Summer 2025

Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/File Photo Purchase Licensing Rights
Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/File Photo Purchase Licensing Rights

Egypt aims to restore normal production at its natural gas fields by next summer, Prime Minister Mostafa Madbouly said on Thursday.

Madbouly told a news conference that production had fallen because of the arrears, but did not say how much the government owed nor when it might be repaid.

Sources told Reuters in March that the government had set aside up to $1.5 billion for payments to foreign oil and gas companies operating in the country. The arrears built up during a long-running foreign currency shortage that has since eased.

Egypt has been grappling with power shortages amid high demand for cooling systems in the summer. The country generates most of its electricity from burning natural gas.

The government halted load-shedding power cuts in July after some natural gas shipments arrived.

"Electricity load-shedding cuts won't return again," Madbouly said, adding the government had set aside $2.5 billion to ensure that.

He said there were also plans to bring an Egypt-Saudi power grid link online in a first phase by the summer of 2025.