عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Saudi Arabia Stresses Commitment to Oil Market Stability

King Salman chairs the cabinet meeting in Riyadh. (SPA)
King Salman chairs the cabinet meeting in Riyadh. (SPA)
TT
TT

Saudi Arabia Stresses Commitment to Oil Market Stability

King Salman chairs the cabinet meeting in Riyadh. (SPA)
King Salman chairs the cabinet meeting in Riyadh. (SPA)

The Saudi government reiterated on Tuesday the Kingdom's commitment to the stability of the global oil market.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh.

The ministers reviewed the telephone call received by Crown Prince Mohammed bin Salman from French President Emmanuel Macron. They tackled regional and international developments, notably the war in Ukraine and its impact on the energy markets.

The Kingdom stressed its keenness on the stability of the oil markets and its commitment to the OPEC+ agreement.

The government underlined the statement by the Gulf Cooperation Council (GCC) that supported international efforts aimed at ending the escalation in Ukraine through dialogue and diplomacy so that security and stability can be restored and a political solution can be reached.

The cabinet highlighted the Kingdom's Founding Day that was celebrated last week. It thanked world leaders for congratulating Saudi Arabia on the occasion, which celebrates the history and unification of the nation.

The ministers underscored the Kingdom's remarks at the Munich Security Conference where it expressed its support to efforts aimed at ensuring the security and stability of the Middle East and world.

It stressed its backing to working with international partners to resolve the crisis in Yemen through reaching a comprehensive ceasefire and political solution based on the three references: the Gulf initiative, outcomes of the national dialogue and United Nations Security Council resolution 2216.

The cabinet welcomed the Security Council's designation of the Iran-backed Houthi militias in Yemen as terrorist and its expansion of the weapons embargo on Yemen to include all Houthis. It hoped that the move would put an end to the militias' terrorist actions and neutralize their danger against the Yemeni people and international security and peace.

Most Viewed

 
 
Gulf

13 Killed Following Explosion at Qatar’s Barzan Plant

This picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. (AFP)
This picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. (AFP)
TT
TT

13 Killed Following Explosion at Qatar’s Barzan Plant

This picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. (AFP)
This picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. (AFP)

An explosion tore through Qatar's key natural gas export terminal Sunday night following an operational incident, causing a fire that killed 13 people and hurt 66 others.

QatarEnergy announced that the fire, which broke out after an operational incident during the start-up of operations at the Barzan plant in Ras Laffan Industrial City, has been brought under control.

In a statement, it said the incident resulted in an explosion and fire at the plant, which is dedicated to meeting local gas needs, noting that emergency response teams were immediately deployed and were able to contain and extinguish the fire.

“I would like to emphasize that this was an accident and not sabotage or hostile in nature," Energy Minister Saad Sherida al-Kaabi told a news conference Monday afternoon in Doha, Qatar’s capital. 

The minister gave the toll and said the dead came from India and Pakistan. The nationalities of the 66 injured included people from Qatar and a variety of African and Asian nations, al-Kaabi said. 

The incident was caused by a technical malfunction during operation, with no leakage posing a risk to public safety, the Ministry of Interior stressed in a post on the X platform.

The Barzan plant had a capacity of almost 1.4 billion standard cubic feet of sales gas per day.

In March, an Iranian missile hit Ras Laffan, sparking a fire that caused “extensive” damage before it was extinguished, authorities said. Qatar had already halted production there because of Iranian attacks. 

Gulf

Saudi Arabia, Egypt, Pakistan, Türkiye Push for Swift Progress in US-Iran Talks

The foreign ministers of Saudi Arabia, Egypt, Pakistan and Türkiye pose for a family photo in Cairo on Sunday. (SPA)
The foreign ministers of Saudi Arabia, Egypt, Pakistan and Türkiye pose for a family photo in Cairo on Sunday. (SPA)
TT
TT

Saudi Arabia, Egypt, Pakistan, Türkiye Push for Swift Progress in US-Iran Talks

The foreign ministers of Saudi Arabia, Egypt, Pakistan and Türkiye pose for a family photo in Cairo on Sunday. (SPA)
The foreign ministers of Saudi Arabia, Egypt, Pakistan and Türkiye pose for a family photo in Cairo on Sunday. (SPA)

The foreign ministers of Saudi Arabia, Egypt, Pakistan and Türkiye pushed for swift progress in US-Iran talks at a meeting in Cairo on Sunday, as negotiations between the two foes began in Switzerland.

In a joint statement, the ministers called for a "swift and successful conclusion" to negotiations aimed at reaching a solution to outstanding issues that is "lasting, verifiable and mutually acceptable", while taking into account regional concerns, particularly the security and stability of Gulf states.

The meeting also addressed the Israeli military escalation against Lebanon and stressed the importance of continued coordination and consultations to sustain the diplomatic track, mitigate the repercussions of the crisis, and restore security and stability across the region.

Present at the meeting were Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah, Egyptian FM Dr. Badr Abdelatty, Pakistani FM Ishaq Dar and Turkish FM Hakan Fidan.

Gulf

Saudi FM Attends Meeting with Egyptian and Turkish Counterparts and US Adviser in Cairo

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.(SPA)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.(SPA)
TT
TT

Saudi FM Attends Meeting with Egyptian and Turkish Counterparts and US Adviser in Cairo

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.(SPA)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.(SPA)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah took part in a meeting in Cairo with Egypt’s Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates Badr Abdelatty, Türkiye's Minister of Foreign Affairs Hakan Fidan, and Senior Advisor to the US President for Arab and African Affairs Massad Boulos, the Saudi Press Agency reported on Sunday.

The participants discussed a range of regional developments, with a particular focus on the situations in Sudan and Libya, and reviewed ongoing joint efforts to promote security, stability, and political solutions in both countries.

The meeting was also attended by Prince Musab bin Mohammed Al Farhan, Adviser to the Saudi Foreign Minister for Political Affairs, and Saudi Ambassador to Egypt Saleh bin Eid Al-Husseini.