No external interference in OPEC+ decision, Saudi energy minister says

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Updated 15 January 2022
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No external interference in OPEC+ decision, Saudi energy minister says

RIYADH: The OPEC+ group is independent and against any external interference in its decisions, Saudi energy minister Prince Abdulaziz bin Salman has reiterated.

Speaking on the sidelines of his visit to Azerbaijan, he stressed the responsibility and cautiousness of the alliance, which is made up of Members of the Organization of the Petroleum Exporting Countries and other major oil producers led by Russia.

Prince Abdulaziz pointed out that the OPEC+ policy has succeeded in providing the oil market with the supplies it needs at all times, Al Arabiya reported.

Its decisions have come against a backdrop of pressure from countries such as the US, which want oil production drastically increased to tackle rising prices.

OPEC+ agreed at its 24th meeting on Jan. 4, to keep the production policy unchanged, meaning that the members will commit to increasing production by 400,000 barrels per day next month.

That means Saudi Arabia's production will reach 10.22 million bpd, with its share of the increase being an additional 105,000 bpd.

OPEC+ agreed to hold the next meeting on Feb. 2.


Second firm ends DP World investments over CEO’s Epstein ties

Updated 11 February 2026
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Second firm ends DP World investments over CEO’s Epstein ties

  • British International Investment ‘shocked’ by allegations surrounding Sultan Ahmed bin Sulayem
  • Decision follows in footsteps of Canadian pension fund La Caisse

LONDON: A second financial firm has axed future investments in Dubai logistics giant DP World after emails surfaced revealing close ties between its CEO and Jeffrey Epstein, Bloomberg reported.

British International Investment, a $13.6 billion UK government-owned development finance institution, followed in the footsteps of La Caisse, a major Canadian pension fund.

“We are shocked by the allegations emerging in the Epstein files regarding (DP World CEO) Sultan Ahmed bin Sulayem,” a BII spokesman said in a statement.

“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”

The move follows the release by the US Department of Justice of a trove of emails highlighting personal ties between the CEO and Epstein.

The pair discussed the details of useful contacts in business and finance, proposed deals and made explicit reference to sexual encounters, the email exchanges show.

In 2021, BII — formerly CDC Group — said it would invest with DP World in an African platform, with initial ports in Senegal, Egypt and Somaliland. It committed $320 million to the project, with $400 million to be invested over several years.