BEIRUT (AA) – The French energy company TotalEnergies said it is committed to drilling for fuel in Lebanon’s Block 9 area in 2023. The statement was made following a meeting between Lebanese Energy Minister Walid Fayyad and TotalEnergies CEO and chairman Patrick Pouyanné at the French company’s headquarters. TotalEnergies added tha...
ANKARA (AA) – Türkiye has discovered 150 million barrels of net oil reserves in a southeastern mountain, valued at $12 billion, President Recep Tayyip Erdogan announced on Monday. “We discovered 150 million barrels of net oil reserves in Gabar Mountain. It is one of the top 10 onshore discoveries in 2022. The reserve value is [&hel...
ISTANBUL (AA) – China’s President Xi Jinping has said Beijing has outlined five “priority” areas in its relations with Gulf countries for the coming years, including the settlement of bilateral oil and gas transactions in the Chinese yuan. “China will continue to import more crude oil and LNG from GCC countries, strengthen co...
ISTANBUL (AA) – The president of Kyrgyzstan on Thursday discussed bilateral ties and economic cooperation between his country and Beijing in a meeting with China’s vice premier, including on the construction of a landmark rail project. “An exchange of views took place on topical issues of further strengthening Kyrgyz-Chinese ...
ISTANBUL (AA) – Saudi Arabia and China have agreed to enhance their cooperation in different fields and support each other to preserve the integrity of their territories. Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday evening on a three-day official visit. A joint statement was issued by Saudi Arabia and China followin...
ISTANBUL (AA) – Chinese President Xi Jinping has said China will work with the Gulf Cooperation Council (GCC) “to foster a new pattern of multi-faceted energy cooperation.” Xi, who is in Saudi Arabia on a state visit, made the statement for local media publications. “The visit will carry forward our traditional friendsh...
ANKARA (AA) – Saudi King Salman bin Abdulaziz and Chinese President Xi Jinping signed Thursday a comprehensive strategic partnership agreement between the two countries. The Saudi Press Agency reported that King Salman received the Chinese president at Al-Yamamah Palace in Riyadh. The meeting witnessed “a review of the historical f...
ISTANBUL (AA) – A US official said Wednesday that the oil price cap imposed on Russia does not involve ships navigating through Turkish waters. The Treasury Department said Deputy Secretary Wally Adeyemo spoke with Turkish Deputy Foreign Minister Sedat Onal and discussed Russia’s war against Ukraine and the implementation of the pr...
Riyadh, Saudi Arabia (AFP): Saudi Arabia has recorded its first annual budget surplus in nearly a decade, beating its own projections in a year of elevated oil prices. The surplus for 2022 amounted to 102 billion Saudi riyals ($27 billion), representing 2.6 percent of GDP, according to preliminary estimates, the finance ministry said. That com...
KARACHI, Pakistan (AA) – Russia has agreed to provide oil to Pakistan at discounted rates to meet Islamabad’s rising domestic and industrial energy demands, a Pakistani minister claimed on Monday. Addressing a presser in the capital Islamabad, State Minister for Petroleum Musadik Malik said Pakistan would purchase crude oil, petrol...
