2022-03-17 16:45:00
SAUDI ARABIA, UAE, BRITAIN COOPERATION
AN - March 16, 2022 - Saudi Crown Prince Mohammed bin Salman met British Prime Minister Boris Johnson in Riyadh on Wednesday, Saudi Press Agency reported.
Saudi Arabia and the United Kingdom signed a memorandum of understanding to establish a strategic partnership council.
The two leaders discussed bilateral cooperation in various fields and opportunities to develop it.
They also discussed regional and international issues of common interest including the latest developments in Ukraine.
Earlier, Johnson met the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al-Nayhan, in Abu Dhabi.
The leaders discussed opportunities to increase collaboration between the UK and UAE on energy security, green technology, and trade.
Johnson is on a visit to the Gulf as part of efforts to secure more oil supplies and increase pressure on President Vladimir Putin over Russia's invasion of Ukraine.
He is seeking greater investments in the UK’s renewable energy transition and ways to secure more oil to lessen British dependence on Russian energy supplies.
Russian President Vladmir Putin’s decision to invade Ukraine is “causing global uncertainty and a spike in the price of oil,” Johnson told reporters in Abu Dhabi ahead of his meeting with Crown Prince Mohammed bin Zayed.
“Everybody can see the effect of the increase in gas prices that’s coming through,” he added.
Because of Europe’s reliance on Russian oil and gas, Putin has been “been able to blackmail the West to hold Western economies to ransom,” he said.
“We need independence,” Johnson added.
-----
Earlier:
2022, March, 16, 12:05:00
BRITAIN NEED OIL
But getting Saudi Arabia and the UAE to agree to pump more crude would require them to break a more-than-five-year partnership with Russia that has forged strong ties beyond oil — an uncertain prospect as they increasingly look eastward for political allies.
2022, March, 15, 14:55:00
SAUDI INVESTMENT FOR CHINA
Saudi Arabia's national oil company Saudi Aramco has taken the final investment decision (FID) to participate in the development of a 300,000 bbl/d refinery in the city of Panjin, in China’s Liaoning Province.
2022, March, 15, 14:50:00
SAUDI INVESTMENT $152 BLN
Saudi National Development Fund to inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030
2022, March, 11, 12:15:00
BRITAIN'S FUSION 100 MLN DEGREES
The company added that the milestone of achieving 100 million degrees Celsius plasma has been verified by an independent advisory board consisting of international experts.
2022, March, 10, 10:45:00
UAE ENERGY INVESTMENT $163 BLN
"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."
2022, February, 9, 12:20:00
SAUDI ARABIA'S PRODUCTION CAPACITY 13.5 MBD
We are targeting our production capacity to become 13.4, 13.5 million barrels a day by 2027.
2021, December, 23, 16:05:00
UAE CARBON INVESTMENT $3.6 BLN
Abu Dhabi National Energy Company (TAQA) and Abu Dhabi National Oil Company (ADNOC) have decided to invest US$3.6bn to decarbonise ADNOC's offshore production operations in the United Arab Emirates (UAE).
