Saudi Aramco is concerned at recent actions in the Gulf, but can meet its customers’ needs thanks to its experience and the availability of additional spare capacity, its chief executive said on Tuesday.
“What’s happening in the Gulf is definitely a concern,” Amin Nasser, president and chief executive of Saudi Arabia’s state oil giant, told Reuters in an interview.
“At the same time we went through a number of crises in the past … we’ve always met our customer commitments and we do have flexibility and the system availability in terms of available additional spare capacity.”
Nasser, who is in Seoul ahead of a visit by Saudi Crown Prince Mohammed bin Salman, said Aramco has no plan to increase its current maximum output capacity of 12 million barrels per day (bpd), given sizeable spare capacity.
“If you look at our production, it is hovering around 10 million barrels per day so we do have additional spare capacity,” he said.
The oil giant is aiming to become a major global gas player, and has been developing its own gas resources as well as eyeing gas assets in the United States, Russia, Australia and Africa.
Nasser said Aramco was in talks to buy a stake in Russian gas company Novatek’s Arctic LNG-2 project, while exploring other investment opportunities in gas.
“We will continue to explore opportunities in different markets and different companies, and these things take time,” he said.
Nasser said the company, South Korea’s top oil supplier, was looking to increase its crude oil supplies to the country where it had partnerships and investments with South Korean refiners.
Saudi Arabia to pump 13.3 bln USD into banking system
The amount will boost credit facilities to the private sector, help banks amend restructure loans without additional fees and support private sector employment.
SAMA had previously unveiled a 50-billion-riyal program to help mostly small private businesses in the country.
Saudi Arabia has been taking solid steps to reduce the economic implications of the spread of coronavirus, including reducing state expenditures and increasing the percentage of the value-added tax (VAT) from 5 to 15 percent.
Saudi Arabia’s COVID-19 cases increase to 81,766
Saudi Arabia‘s COVID-19 cases increased on Friday to 81,766 with the registration of 1,581 new infections.
The kingdom also reported 17 new fatalities, raising the death toll to 458, the health ministry tweeted.
The tally of recoveries stood at 57,013 after 2,460 more patients recovered.
Saudi Arabia has taken gradual steps to ease precautionary measures against the virus to bring life back to normal.
The steps include reducing the daily hours of curfews and opening mosques and workplaces.
In mid-February, the kingdom offered generous support to China to help fight the deadly virus at the early stage of its outbreak.
On April 26, the two sides signed a deal worth 265 million U.S. dollars for expanding Saudi Arabia‘s coronavirus testing capacity.
Saudi-led coalition intercepts drones launched towards border city
Saudi-led coalition involved in a war in Yemen intercepted on Wednesday drones launched towards border city Najran.
The coalition spokesperson Turki Al Maliki accused Houthi militia of continuing to target civilians and residential areas with drones, Saudi Press Agency reported.
He added that the drone attacks were a form of rejection of the cease-fire initiative taken by the coalition that was enforced on April 9.
Saudi Arabia registers 1,815 new COVID-19 cases
Saudi Arabia announced on Wednesday the registration of 1,815 new COVID-19 cases, bringing the total number of infections to 78,541 in the kingdom.
The Saudi health ministry also reported 14 more deaths from the virus in the last 24 hours, raising the death toll to 425.
It added 2,572 more patients have recovered, and the tally of recoveries hit 51,022.
Meanwhile, Saudi Arabia has announced the extending of tourist visas automatically for three months free of charge for those stranded in the kingdom whose visas expired during the period of suspension of international flights.
Roundup: Turkey’s COVID-19 cases near 160,000, as Saudi Arabia announces 3-phase plan to ease anti-coronavirus restrictions
Turkey, the hardest-hit country in the Middle East, confirmed 948 new COVID-19 cases and 28 more deaths, as the death toll climbed to 4,397.
On the same day, 1,492 patients recovered from the disease in Turkey, raising the total recoveries to 121,507.
Amid the slowdown in the pandemic, Turkey’s biggest city Istanbul disinfected mosques to make them ready for reopening on Friday as part of the normalization process.
Iran reported 1,787 new cases of COVID-19 infection, bringing the total number of cases to 139,511. The death roll in Iran, the highest in the region, rose to 7,508 after 57 deaths were added in the past 24 hours.
Saudi Arabia reported 1,931 new COVID-19 cases in the last 24 hours, taking the total number in the kingdom to 76,726. The death toll from the deadly respiratory virus increased by 12 to 411, while the number of recoveries rose by 2,782 to 48,450.
After the first phase, lasting from May 28 to 30, and the second phase, lasting from May 31 to June 20, all the restrictions and curfews will be lifted except for the holy city of Mecca, during the third phase starting June 21.
Qatar announced 1,742 new COVID-19 cases, raising the tally of confirmed cases in the Gulf state to 47,207, including 118,44 recoveries and 28 deaths.
The total recoveries from the disease in the UAE rose to 15,982 after 325 more patients recovered, and the death roll climbed to 253 after five more fatalities were added.
Egypt reported a record 789 daily new COVID-19 infections, raising the total number in the country to 18,756. This was the eighth consecutive day for Egypt’s daily infections to exceed 700.
Meanwhile, 14 patients died from the coronavirus, bringing the death toll in Egypt to 797, while 127 more patients were completely cured, raising the recoveries to 5,027.
Kuwait reported 608 new COVID-19 cases and seven more deaths, raising the tally of infections to 22,575 and the death toll to 172.
A total of 45 new COVID-19 cases were confirmed in Morocco on Tuesday, bringing the total number of infections in the country to 7,577, including 202 deaths and 4,881 recoveries.
Lebanon’s number of COVID-19 infections increased on Tuesday by 21 cases to 1,140 while the death toll remained at 26.
The Lebanese interior ministry issued a decision imposing a fine of 50,000 Lebanese pounds (33 U.S. dollars) on citizens who do not use masks during their daily transportation.
After a lockdown of more than two months, Tunisia, which reported no new COVID-19 case on Tuesday, conditionally reopened cafes and restaurants as part of its partial lifting of the anti-coronavirus restrictions.
The event was also attended by Amged Abdelmgeed, head of bilateral and multilateral relations of Sudan’s Ministry of Health, who thanked the Chinese government, the Chinese embassy in Sudan and the Chinese medical team for their help and support during the pandemic.
Saudi Arabia announces plan to lift anti-coronavirus measures in 3 phases
Saudi Arabia announced on Tuesday its plan to lift the anti-coronavirus measures in three phases, the Saudi Press Agency (SPA) reported.
In the first phase from May 28 to 30, travel between cities and regions, with the exception of Mecca, will be permitted during the curfew hours from 3 p.m. to 6 a.m., while retail and wholesale shops and malls will be allowed to open, according to a statement by the interior ministry carried by the SPA.
For the second phase from May 31 to June 20, the curfew across the kingdom except for Mecca will be eased to from 8 p.m. to 6 a.m., while all mosques will reopen for all congregational prayers, also with the exception of Mecca.
Domestic flights will be resumed in the second phase.
Starting June 21, the third phase will see all curfews lifted across the kingdom except Mecca.
As for the holy city of Mecca, the first-phase easing will be carried out between May 31 to June 20 and the second will begin on June 21.
Meanwhile, the interior ministry said the decisions are subjected to assessment and periodic review by the health ministry.
The the death toll from the virus increased by 12 to 411, while 2,782 new recoveries were added, bringing the total recoveries to 48,450.
Saudi Arabia announces gradual ease of anti-coronavirus precautions
Saudi Arabia announced on Monday the gradual ease of precautionary measures against the COVID-19, the Saudi Press Agency (SPA) reported.
The gradual steps, with social distancing regulations obeyed, will start from Thursday and expand until the situation is back to normal, the SPA quoted Health Minister Tawfiq Al-Rabiah as saying.
The easing will be based on medical reports of the spread of the virus, Rabiah added.
Saudi Arabia has controlled the spread of the virus through early precautionary measures, especially maintaining a low death rate, he noted.
The death toll rose to 399 after nine fatalities were reported in the last 24 hours, while the recoveries reached 45,668.
Saudi Arabia registers 2,399 new coronavirus cases, 72,560 in total
Saudi Arabia registered on Sunday 2,399 new coronavirus cases, increasing the total number of infections to 72,560.
The death toll increased to 390 with 11 new fatalities, the health ministry tweeted.
The overall recovered cases increased to 43,520 with 2,284 new recoveries, it said.
Saudi Arabia enforces a 24-hour nationwide lockdown during the Eid al-Fitr holiday from May 23 to 27 as part of the precautionary measures against coronavirus.
Saudi Arabia’s COVID-19 cases surpass 70,000
Saudi Arabia’s coronavirus cases surpass on Saturday 70,000 infections, the Health Ministry tweeted.
Riyadh remained the city of the highest daily cases of 794 among the total new 2,442 infections. The total number of confirmed cases in Saudi Arabia reached 70,161.
The kingdom’s death toll rose to 379, with 15 new fatalities.
The recovered cases increased to 41,236, with the new 2,233 recoveries.
The ministry has announced the introduction of smart bracelets for citizens who returned from aboard and who are in home isolation. The bracelets are to ensure that the cases are committed to the safety instructions and staying at home.
- COVID-19: Navy inaugurates 40 bed space isolation centre in Lagos
- COVID-19: Group urges Bauchi govt. to increase allocation to agric sector
- Passenger trains resume service in BiH
- Association seeks justice over rape, murder of UNIBEN student
- Portugal celebrates Children’s Day with messages of hope
- Group asks court to compel DSS, IGP to investigate Omo-Agege
- Insecurity: Nigerian Army inaugurates ‘Operation Accord’
- COVID-19: 50 awaiting trial inmates released in Plateau
- Kenya says Chinese-built railway to blossom cities, open new markets
- Buratai lays foundation for construction of Nigeria army reference hospital in Maiduguri
- Tanzania plans to increase annual sisal production to 120,000 tonnes by 2024
- Netherlands reopens restaurants, cinemas as COVID-19 death toll remains low
- Zambian children head back to school after COVID-19 shutdown
- Edo commissioner condemns rape, murder of UNIBEN student
- Thailand authorities further ease up anti-pandemic measures
- Roundup: Coronavirus cases rocketing in South Asia as India becomes 7th worst-hit country due to COVID-19
- Israel discovers 1,800-year-old marble faucet with lion’s face
- COVID-19: Bello orders lockdown of Kabba-Bunu LGA over index case
- Normal life gradually return in Kuwait
- New Ebola outbreak declared in northwest DR Congo
- Commentary: China determined to further open up despite COVID-19 epidemic
- 3 PKK members killed in southeastern Turkey
- La Liga president admits match times could change in hot weather
- Colosseum monument in Rome reopens
- Possible second wave of COVID-19 may hit harder in Finland: policy group
- COVID-19 cases in Myanmar rise to 228
- S.Africa schools to re-open on June 8
- New Oyo state CP assumes office
- Nasarawa SSG indicted over project scam, to refund over N248.5m
- FG to empower 77,400 young farmers on agric business
- PPPRA reduces PMS pump price to N121.50 per litre
- Union Berlin complete permanent move for on-loan Buelter
- Atomium reopens to the public in Brussels
- Career: Unilorin trains children on anchoring radio talk show
- S.Africa tourism sector welcomes opening up of domestic market from lockdown
- France to further unwind anti-coronavirus lockdown
- Immunisation ongoing in Kwara inspite of COVID-19-Official
- Restrictions on tourism travel starts to ease: UNWTO
- Music industry hits pause to reflect as United States protests rage
- BRT boss gives reason for queues at Ikorodu bus stations
- Facebook, Red Cross launch digital campaign against COVID-19
- Mongolian PM calls for synergizing efforts for child protection
- Cambodian PM says 256 factories suspended due to COVID-19, affecting over 130,000 workers
- Intervention fund: Neimeth emerges best performing stock in May
- China calls for further support to WHO, rejects United States exit
- Court remands security man for alleged defilement of a 9-year-old girl
- COVID-19: Ex-Unilorin Director tasks FG on research fund
- Ukraine enters third stage of quarantine release
- Benue LG polls: PDP Chairman says party’s victory not a surprise
- Yobo takes part in first Super Eagles’ technical crew meeting
- COVID-19: Nigerian scientists working on preventive vaccines , call for assistance
- Namibia new central bank governor assumes duties
- Ethiopia’s COVID-19 cases reach 1,257 as 85 more confirmed
- Portugal’s public debt rises to 262.1 bln euros in April
- Makinde inaugurates mega plaza, promises to boost Oyo economy
- Birthday: Delta Speaker felicitates with Dame Okowa
- It’s weird playing without fans, but good to be playing again —- Kvitova
- Mongolia to establish another int’l children’s camp
- London mayor urges Britain to extend Brexit transition
- Kyrgyz security services detain active member of extremist organization
- Navy distributes palliatives to 500 households in Kaduna
- 3 men appear in court for alleged impersonation
- Bandits kill District Head in Katsina state
- Ghanaian president announces gradual easing of COVID-19 measures to restore socio-economic activities
- Ogbeh drums support for Adesina’s 2nd term as AfDB President
- Malaysia records 10 days without new COVID-19 deaths
- Why illicit drug trade persists in Nigeria– Stakeholders
- Rep lauds Buhari over appointment of Obioma as NECO Registrar
- Commentary: The coming suffocation of the American dream
- Vietnam records no new COVID-19 cases, 14 more patients cured
- French automakers’ sales halve in May due to coronavirus lockdown
- COVID-19: Ondo state records 2 new deaths- Gov. Akeredolu
- COVID-19 pandemic delays arrival of RoRo vessel at Rivers Port
- Autocrash: Commercial motorcyclist dies in Anambra
- Community Service: NYSC members evacuate blocked drainages in Yobe
- Uganda reports 40 new COVID-19 cases as tally rises to 457
- Portugal’s industrial production down 25.9 pct in April amid pandemic
- Speedster Rabada committed to playing for South Africa
- COVID-19 lockdown restrictions eased in Manila, the Philippines
- Iran ready to send more fuel to Venezuela: spokesman
- Police arrest 69 suspected kidnappers, armed robbers in Adamawa
- Alleged cheating: Court grants businessman N800,000 bail
- Bayelsa records 9 new cases of COVID-19, total confirmed number 21
- Edo Guber: Ex-lawmaker advocates direct primary election for APC
- Lithuania lifts self-isolation rule for travellers from 24 countries
- Egyptian hotels start to operate at 50 percent capacity
- National Gallery Singapore launches online festival for children to play, learn with art
- Africa’s anti-COVID-19 war hampered by misinformation, stigma – Charity
- Indian auto companies May sales cowed down by COVID-19
- Africa’s anti-COVID-19 war hampered by misinformation, stigma, NGO
- Alleged incest: Court remands man pending bail application
- Police arrest 2 persons over death of three in Akinyele LGA
- Saudi Arabia to pump 13.3 bln USD into banking system
- Foundation reiterates commitment to educational support to orphans, vulnerable children
- Kuwait records 27,762 COVID-19 cases, 220 deaths
- Namibia’s first COVID-19 patients recover after 79 days in hospital
- Turkey’s iconic Grand Bazaar reopens amid COVID-19 normalization
- Zimbabwean film industry makes Netflix debut with ‘Cook off’
- South Australia set for space industry boom in wake of COVID-19 pandemic
- India’s meteorological department says depression over Arabian sea may intensify into severe cyclone
- Palestine accuses Israel of paralyzing industrial zone for Palestinians in East Jerusalem
- Coronavirus can cause drug abuse – NDLEA Spokesman
- Africa’s anti-COVID-19 war hampered by misinformation, stigma: charity
- Queens Park Rangers chief appalled by Championship restart plans
- Gov Lalong congratulates deputy speaker @56
- Lithuania lifts self-isolation rule for travellers from 24 countries
- Manchester United extend Ighalo loan until January 2021
- Spain receives no foreign tourists in April over COVID-19 lockdown: report
- Fiji launches environment week to celebrate World Environment Day
- 2 friends docked over alleged car theft
- Edo APC: Former Speaker seeks Buhari intervention
- Iran reports 2,979 new COVID-19 cases, 154,445 in total
- Court fixes June 15 for definite hearing in Melaye’s suit against Infections Disease Bill
- Spotlight: Aussie police call on public to help fight racist abuse
- Britain reopens markets and some schools as lockdown eases
- Malaysia records 10 days without new COVID-19 deaths
- Anti-racism demonstrations held in several New Zealand cities
- Nigerian military says scores of Boko Haram militants surrender
- Fourth night of riots in Denver as peaceful daytime protests turn destructive
- Tomato price to drop as farmers approach surplus period
- 1st LD Writethru: Gunmen kill two senior officials in NW Nigeria
- 2 injured, many abducted in Ebonyi, Abia clash -Police
- News Analysis: Israel, Iran reportedly trade cyber-blows as part of ongoing tensions
- APC primary: Steer clear of Ondo politics, group tells Gov. Fayemi
- Ukraine’s COVID-19 cases exceed 24,000
- Namibia’s first COVID-19 patients recover after 79 days in hospital
- How Ebonyi director labour initiative works for development
- Stop abusing painkillers or risk infertility – Gynaecologist warns
- COVID-19: Catholic bishops appeal to bilateral and multilateral groups on economic recovery
- Osun Govt. warns forest poachers against hunting in government reserves
- Afghanistan reports 545 more COVID-19 cases
- COVID-19: Maize farmers urge govts to address challenges of 2020 farming season
- Kano conducts 4,735 COVID-19 samples test
- COVID-19 cases in Philippines surge to 18,638 with 552 newly reported cases
- Stimulus package for Australian builders to create jobs following coronavirus slowdown: PM
- Number of Ghana’s COVID-19 cases exceeds 8,000
- Okitipupa LG boss appoints monarch as Chairman, Chieftaincy Committee
- Global Finance 2020: Zenith Bank emerges best bank in Nigeria
- S/Africa loosens lockdown in economic recovery effort
- COVID-19: Kaduna ends 2nd phase of palliatives distribution
- Policeman killed as suspected IS militant attacks police office in Indonesia
- FG, Siemens deal excites electricity consumer group
- Turkish airline companies partially resume domestic operations
- S.Korea’s institutional investment in foreign securities falls in Q1
- COVID-19 cases near 50,000 in Bangladesh, deaths reach 672
- One killed, 21 injured in shelling in Yemeni port: MSF
- Monsoon hits India’s southern state of Kerala
- Cambodia’s famed Angkor sees 65 pct drop in foreign visitors in 5 months
- Feature: Egyptians abide by gov’t order to wear masks in public places to curb coronavirus spread
- More terrorists surrender, others arrested in NE –DHQ
- Vietnam’s factory activity contracts at lower space: survey
- Australians asked to be patient with “careful” easing of coronavirus restrictions
- Nigerian troops kill 4 in airstrikes on gunmen camp
- Poland resumes domestic flights on Monday after COVID-19 hiatus
- Gunmen kill Nigeria’s ruling party official in failed kidnap attempt
- Russia’s COVID-19 cases near 415,000
- People take part in protest over death of George Floyd in Auckland, New Zealand
- Thousands return to work as Philippines eases 76-day lockdown
- Bayelsa seals 6 churches for breaching COVID-19 protocols
- Majority members of Thailand’s Palang Pracharath Party’s executive board resign en masse
- Indian companies continue to cut staff at fastest pace in May: PMI data
- Roundup: S.Korea’s export posts double-digit fall for 2 months
- New Zealand confirms no new case of COVID-19 for 10 consecutive days
- S.Korean gov’t revises down 2020 growth outlook to 0.1 pct
- 1st LD Writethru: Armenian PM, family test positive for COVID-19
- Protests over George Floyd’s death continue in cities across United States
- Staying fit is important says Udoh
- Spotlight: How would United States exit from WHO harm global fight against COVID-19?
- Businesses across Turkey prepare to resume operation
- 12 killed, 21 injured in road accident in Nepal
- Armenian PM, family test positive for COVID-19
- Roundup: Life edges closer to normal as Aussie states ease COVID-19 restrictions
- 7 killed in separate attacks in Afghan provinces
- Brazil marks more than half a million virus infections
- PDP wins C/River LG election
- Oil prices edge down as wary traders eye upcoming OPEC+ meeting
- Basketball legend Jordan “pained and plain angry” over George Floyd’s death
- Cherry harvest season begins in Uzbekistan
- Ikpeazu, Abia Exco, others to self-isolate after commissioner’s death
- Protesters rally to demand justice for George Floyd in Vancouver, Canada
- United States cities extend curfews, deploy soldiers as street anger mounts
- Major China-Europe freight train route sees surging deliveries
- Roundup: Curfews imposed in about 40 United States cities as protests against police brutality spread
- Leicester to prepare for restart with practice games at empty stadium
- Mongolia confirms 6 new COVID-19 cases, 185 in total
- United States sends Brazil 2 million doses of hydroxychloroquine despite risks
- India reports highest daily spike of 8,392 COVID-19 cases as total reach 190,535
- S. Korea reports 35 more COVID-19 cases, 11,503 in total
- Immigration rights activists call United States routine deportations amid pandemic “outrageous”
- United States states clamp down on protests demanding end to police violence over George Floyd’s death
- Spotlight: More countries to ease COVID-19 restrictions as global cases rise with Latin America as new epicenter
- Nigeria records 307 new cases, total now 10,162
- Curfew issued for United States Los Angeles County following weekend protests over killing of George Floyd
- COVID-19 hotspots in South Africa may be placed on higher alert level: president
- Peru confirms 8,805 new COVID-19 cases as total hits 164,476
- College Football Hall of Fame damaged in Atlanta protests
- Rwanda cancels further easing of lockdown after reassessment
- Brazil’s COVID-19 cases top 500,000, death toll nears 30,000
- Dollar changes hands around 107.70 yen level in early trade in Tokyo
- Tokyo stocks open higher on hopes for economic revival