Saudi Aramco First Marine Station in the Kingdom Supplies Yachts and Boats with Fuel

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
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Saudi Aramco First Marine Station in the Kingdom Supplies Yachts and Boats with Fuel

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)

Saudi Aramco, one of the world's leading companies in the fields of energy and chemicals, announced on Saturday the opening of "Aramco Marina", its first marine station in the Kingdom to supply yachts and boats with fuel at the Jeddah Yacht Club on the Red Sea coast.

The station, which bears the new identity of the Saudi Aramco stations brand, is operated as part of the company’s efforts to contribute to developing the tourism sector in the Kingdom and the region. Its opening coincides with the Formula 1 Saudi Grand Prix that will take place in Jeddah on Saturday.

With a capacity of more than 65 million liters annually, the station provides diesel and gasoline to local and international customers.

Executive Vice President of the Business Sector for Products and Customers at Saudi Aramco Yasser Mufti said Saudi Aramco will continue to build various modern facilities to keep pace with the Kingdom’s efforts to establish comprehensive, advanced services by investing in the growth and contributing to the diversification of businesses and economy.

He added that the opening of the station represents a new chapter in the endeavor to expand the company’s presence in the Kingdom, raise the quality of life and enhance technological standards by establishing pioneering retail fuel stations that provide distinctive customer service, and help business, travel and tourism sectors in the Kingdom advance, creating an additional value for the economy.

The Jeddah Yacht Club is distinguished by its view of the waterfront next to the Corniche Formula 1 racing circuit. It boasts the first marina for yachts and boats on the Red Sea coast, and can accommodate huge and luxurious yachts of up to 120 meters in length. Next to the marina, there are international restaurants and cafés overlooking the sea.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.