Saudi, UAE energy ministers discuss global oil market

Saudi Minister of Energy, Industrial and Mineral Resources Khalid Al-Falih. (AFP)
Updated 18 May 2018
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Saudi, UAE energy ministers discuss global oil market

  • They agreed to continue their consultations and to closely monitor the oil market

JEDDAH: Saudi Arabia’s Energy Minister Khalid Al-Falih had a telephone conversation on Thursday with the UAE’s Energy Minister Suhail Al-Mazrouei, during which they discussed recent developments in the global oil market.

The two ministers voiced concerns about recent market volatility, fueled by anxiety over geopolitical events despite the availability of ample supply. 

They agreed to continue their consultations and to closely monitor the oil market and vowed to work together with other producers, as well as with major consumers to ensure market stability.

They renewed their commitment to security of supply, and to work toward the interest of consumers and the health of the global economy. AN Jeddah

The ministers agreed to meet jointly with the Russian Minister of Energy, Alexander Novak, in St. Petersburg next week on the sidelines of the St. Petersburg International Economic Forum to continue the consultations.

UAE Energy and Industry Minister Suhail Al-Mazroo’e, who is also the current OPEC chairman


Masam destroys 5,700 mines, ammunition in Mukalla

Updated 8 sec ago
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Masam destroys 5,700 mines, ammunition in Mukalla

  • Osama bin Yousef Al-Qusaibi: Operation was successfully carried out in a safe area far from populated areas and agricultural lands
  • Al-Qusaibi highlighted that the teams’ work continues throughout the year, given the importance of protecting the lives of innocent civilians

RIYADH: Saudi Arabia’s Masam Project for landmine clearance in Yemen destroyed 5,754 mines, unexploded ordnance and improvised explosive devices on Thursday morning in Mukalla.

The operation was part of the project’s efforts to protect civilians and clear civilian lands and infrastructure, a press release said.

The destroyed materials included 5,500 rounds of 12.7 mm ammunition, five air-to-surface missiles, 10 guided missiles, four anti-tank mines, 20 anti-personnel mines, 37 mm shells (50), 23 mm shells (120), 12 hand grenades, and 82 mm mortar rounds (33).

Masam’s director general, Osama bin Yousef Al-Qusaibi, said that the operation, conducted in cooperation with the National Mine Action Program and the Yemen Executive Mine Action Center in Mukalla, “was successfully carried out in a safe area far from populated areas and agricultural lands.”

He added that the team adhered to international standards for destruction operations, despite the challenges on the ground.

Al-Qusaibi highlighted that the teams’ work continues throughout the year, given the importance of protecting the lives of innocent civilians.

It aims to rid Yemen of all mines to help ensure the highest standards of safety and security for the Yemeni people.