The alliance protects the interests of its members and their merchant ships when passing through maritime corridors. Its operation area covers the Strait of Hormuz, Bab Al Mandab, the Sea of Oman and the Arabian Gulf.

Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.

Bulgaria’s state gas company signed a €1.1 billion ($1.2 billion) contract on Wednesday with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.

The E-Fusion Initiative aims at bringing together the French nuclear supply chain and Emirati companies around projects for the UAE Peaceful Nuclear Energy Programe. The initiative is co-headed by the Emirates Nuclear Energy Corporation (ENEC) and the French Nuclear Industry Association (GIFEN).

«Ведется постоянная работа по наращиванию двустороннего сотрудничества между Россией и Турцией в торгово-экономической области по всем направлениям, в том числе в энергетике по проекту “Турецкий поток” и АЭС “Аккую”, - сказал Александр Новак.

“Благодаря выстроенному конструктивному диалогу мы достигли существенного расширения взаимовыгодного российско-иранского взаимодействия в различных областях торгово-экономического сотрудничества, включая энергетику. Считаем, что реализация решений по итогам июньского заседания межправкомиссии в Исфахане будет важным шагом к укреплению двустороннего сотрудничества между нашими странами”, - добавил глава Минэнерго России.

During the news conference, it was disclosed that production at Khurais resumed 24 hours after the attack. Meanwhile, Mr. Nasser stated that production at Abqaiq is currently 2 million barrels per day and its entire output is expected to be restored to prior rates by the end of September.

The US made another request to import-dependent Japan to join the coalition, and leaders are expected to discuss it at the UN General Assembly in New York next week.

"Nobody has changed the parameters of the [OPEC+} deal. So, I think that we all agreed in Abu Dhabi, that everyone should fulfill their obligations," Novak said, when asked if Russia needs to continue to comply.

Al Mazrouei cited the recent visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia, during which a number of business and investment cooperation agreements in areas of energy and infrastructure worth $10 billion were signed .

Emirates Water and Electricity Company (Ewec) has revealed that construction work on the 2,000MW solar plant in Al Dhafra region is under way, with the photovoltaic (PV) power project expected to be operational in the first quarter of 2022 taking Abu Dhabi’s solar capacity to 3,200MW.

Министерский комитет отметил, что уровень соблюдения участниками добровольных обязательств по корректировке объемов добычи остается на высоком уровне и составил в августе 136%.

“Развитие сотрудничества России и ОАЭ по линии энергетики обладает колоссальным потенциалом. В числе перспективных направлений взаимодействия между компаниями из России и ОАЭ мы видим организацию торговых операций по сжиженному природному газу, а также совместные проекты в области добычи и трейдинга”, - сказал Александр Новак.

Dollar-denominated bonds issued by Saudi Arabia’s government and state oil company Saudi Aramco tumbled to multi-week lows on Monday after a weekend attack on Saudi Arabia’s oil facilities shut about 5% of global output.

Saudi Aramco will see its production halved, with a 5.7mn barrel per day drop in output due to the attack.