Contents tagged with Saudi Arabia

  • Kremlin: Israel and Saudi Arabia want to join ‘Russian NATO’

    The Russian Foreign Ministry says that Israel, Saudi Arabia, and several other countries would like to join the Shanghai Cooperation Organization (SOC), which was founded by Russia and China, among others.

    “In our portfolio today we have applications from Israel, Bangladesh, Bahrain, Saudi Arabia, and masses of other countries that want to join the SOC’s activity in one way or another, in one capacity or another,” said Russian special presidential representative Bakhtier Khakimov, as cited by …

  • Saudi Arabia backs out of major Russian LNG project

    After a year and a half of negotiations, the Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project, four informed sources told the Vedomosti news agency.

    Saudi Aramco, which was expected to invest around $5 billion in the project, was unhappy with the terms offered by Novatek. In addition, the Saudis were concerned by the risk of sanctions against the liquefied natural gas (LNG) plant, which would have been the largest in …

  • Saudi Minister of Energy: Sanctions against Russia will affect the global energy market

    During a press conference, Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said that the new sanctions against Russia can have an impact on the global energy market, RIA Novosti reported.

    “Russia is a big supplier of gas to Europe and oil to China. If this happens, it will affect Europe, China and the world,” the minister said, during a press conference in Baku, where the meeting of OPEC+ Monitoring Committee․

      The committee will evaluate the measures to …

  • Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US

    Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.

    According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day. 

    Meanwhile, experts of ITI Capital Ltd. said that …

  • Russia starts supplying Saudi Arabia with Kalashnikov rifles

    Aleksandr Mikheev, the Director General of Russia's state agency for exports/imports of defense-related and dual use products (Rosoboronexport), stated at the IDEX arms exhibition that Russia has begun supplying Kalashnikov automatic weapons (AK-103) to Saudi Arabia, RIA Novosti reports. 

    According to him, the next stage is creating a new licensed production automatic weapon for Saudi Arabia and also for other third world countries. 

    In the next three to four months, the two parties will …

  • Media: Russia detained hundreds of Iranian military in Syria

    A large number of Iranian troops and representatives of the Shiite armed groups supporting Bashar Assad are detained in the Russian base in Khmeimim (Syria). The number of detained is in the hundreds, reports Saudi television channel Al-Arabia citing the Syrian center for human rights monitoring. 

    Among the detained are dozens of commanders. 

    Al-Arabia suggests that the wave of arrests may be in connection with a battle in the Syrian city Sha’ta. 

    According to German outlet Spiegel, Moscow …

  • Saudi Arabia accuses Russia of sabotaging OPEC+ deal

    The world’s largest oil producing countries, having signed another deal in December to maintain world oil prices, are now facing internal strife, finanz.ru reports.

    Saudi Arabia, the largest member of OPEC in terms of extraction, and the only country in the world capable of rapidly upscaling or downscaling its oil extraction, believes that Russia’s efforts as part of the market stabilization agreement are inadequate. 

    By undertaking to reduce extraction by 228,000 barrels per day, Russia is …

  • Russia warns US not to interfere in Saudi royal succession

    Russia has warned the US not to attempt to interfere in the order of succession in Saudi Arabia, and has expressed its support for crown prince Mohammad bin Salman despite the accusations that he had the government critic Khashoggi killed. 

    President Putin’s special representative for the Near East said that Prince Mohammed has the full right to the throne after 82 year-old King Salman dies. 

    “Of course we are opposed to interference. The Saudi nation and leaders must deal with such issues …

  • Russia promises Saudi Arabia tens of billions in investments

    Russia is prepared to increase its investment in the Saudi Arabian economy, said Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), during the Future Investment Initiative forum in Riyadh.

    Dmitriev says that “many companies from the petrochemical sector and other sectors” have expressed interest in investing in Saudi Arabia.

    “We believe that, alongside our partners, we will bring in billions and tens of billions of dollars of investment into Saudi Arabia,” he stated.

    He …

  • Israel threatens Iran with military action if Bab el-Mandeb Strait is blocked

    If Iran attempts to close off the Bab el-Mandeb Strait, which serves as the only outlet from the Red Sea, there will be countermeasures taken by an “International Coalition,” asserted Israeli Prime Minister Benjamin Netanyahu.

    “If Iran attempts to block the Bab el-Mandeb Strait, I am certain that it will meet the decisive resistance of an international coalition, which will include all branches of the Israeli armed forces,” Netanyahu said, during a visit to the Israeli naval base at Haifa. …