Iran calls proposed oil-output freeze ‘ridiculous’

Iran calls proposed oil-output freeze ‘ridiculous’

Special to WorldTribune.com Radio Free Europe / Radio Liberty Iran’s Oil Minister Bijan Namdar Zanganeh has dismissed a proposal by Russia and three OPEC members to freeze oil production as “ridiculous.” Zanganeh said on February 23 that the proposal by Russia, Saudi Arabia, Venezuela, and Qatar for crude oil producers to cap production at January […]

Iranian official: Joining oil output freeze would be ‘illogical’

Iranian official: Joining oil output freeze would be ‘illogical’

Special to WorldTribune.com Radio Free Europe / Radio Liberty A senior Iranian official is reported as saying it would be “illogical” for Tehran to join a proposed oil output freeze. Iranian newspaper Shargh quoted Iran’s OPEC envoy Mehdi Asali as saying Tehran would continue to increase oil production until it reaches presanction levels. The comments […]

Russia, Saudi Arabia agree to oil-output freeze

Russia, Saudi Arabia agree to oil-output freeze

Special to WorldTribune.com Radio Free Europe / Radio Liberty Russia and Saudi Arabia, the world’s two largest crude producers, have agreed to freeze output, as long as others follow suit. Freezing output at January levels will be “adequate,” Saudi Oil Minister Ali al-Naimi said on February 16 after talks with Russian Energy Minister Aleksandr Novak […]

China launches major Saudi refinery project

China launches major Saudi refinery project

Special to WorldTribune.com Chinese President Xi Jinping was on hand for the Feb. 16 launch ceremony for China’s largest investment project in Saudi Arabia, the Yasref oil refinery. Xi told reporters the refinery, which covers more than 5 million square meters in the city of Yanbu on Saudi’s west coast, conforms to the Saudi national […]

Saudi companies fail to make payrolls, Gulf states weigh taxes as oil prices strain economies

Saudi companies fail to make payrolls, Gulf states weigh taxes as oil prices strain economies

Special to WorldTribune.com Sinking oil prices are weighing heavily on Mideast economies. In Saudi Arabia, the construction sector has been hit hard by low oil prices as several firms with government contracts are failing to make payroll. The Riyadh government has significantly cut spending on building projects as it seeks to reduce a budget deficit […]

Morocco is in ‘complete solidarity’ with Saudi over Gulf region threats

Morocco is in ‘complete solidarity’ with Saudi over Gulf region threats

Special to WorldTribune.com Morocco on Feb. 10 signaled it stands with Saudi Arabia against threats in the Gulf region and backs the Saudi-led effort to “defend the legitmacy” of Yemen. “We are in complete solidarity with Saudi confronting any interference in its internal affairs,” Moroccan Foreign Minister Salaheddine Mezouar said during a joint press conference […]

Iran’s IRGC chief: Saudis wouldn’t ‘dare’ send troops to Syria

Iran’s IRGC chief: Saudis wouldn’t ‘dare’ send troops to Syria

Special to WorldTribune.com Radio Free Europe / Radio Liberty The commander of Iran’s Islamic Revolutionary Guards Corps (IRGC) says Saudi Arabia lacks the courage to send ground troops to Syria. “They claim they will send troops [to Syria], but I don’t think they will dare do so,” IRGC commander Mohammad Ali Jafari was quoted as […]

Saudi Arabia and Turkey weigh military action in Syria

Saudi Arabia and Turkey weigh military action in Syria

Special to WorldTribune.com Saudi Arabia and Turkey are considering sending ground troops into Syria to support rebels fighting the Russia-backed Bashar Assad regime, analysts say. “The Saudis believe that the chance of a peaceful solution for the Syrian crisis is very limited,” said Mustafa Alani of the independent Gulf Research Center. “They don’t see that […]

Saudis report 375 civilians have been killed near Yemen border

Saudis report 375 civilians have been killed near Yemen border

Special to WorldTribune.com Iran-backed Houthi rebels and their allies have fired some 40,000 projectiles from Yemen into Saudi Arabia, killing at least 375 civilians, Saudi officials said on Feb. 1. On Feb. 1 alone, nearly 130 mortars and 15 missiles were fired by the Houthis and forces loyal to Ali Abdullah Saleh, Yemen’s former president, […]

Nine Americans among terror suspects arrested by Saudis

Nine Americans among terror suspects arrested by Saudis

Special to WorldTribune.com Nine Americans were among a group of 33 terrorism suspects detained by Saudi Arabia over the past week. Four Americans were arrested on Jan. 25 and five others over the past four days, the Saudi Gazette newspaper reported on Jan. 31. Also arrested were 14 Saudis, three Yemenis, two Syrians, an Indonesian, […]

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