Qatar demands 'blockade' lifted before Gulf crisis talks

Agencies
June 20, 2017

Doha, Jun 20: Qatar's foreign minister today called on neighbouring states to lift their "blockade" of his country before Doha takes part in any negotiations on ending the Gulf diplomatic crisis.Qatar

Sheikh Mohammed bin Abdulrahman Al-Thani called measures to isolate Qatar imposed by Saudi Arabia, the United Arab Emirates, Bahrain and others "an act of aggression", adding that lifting them was a "pre-condition" for talks.

"We have to make it very clear for everyone, negotiations must be done in a civilised way and should have a solid basis and not under pressure or under blockade," the foreign minister told reporters in Doha.

"Qatar under blockade -- there is no negotiation. They have to lift the blockade."

On June 5, Saudi Arabia and allied states cut all ties with Qatar, pulling their ambassadors from the emirate and ordering its citizens to repatriate by June 19.

The measures also included closing Qatar's only land border, banning its planes from using their airspace and barring Qatari nationals from transiting through their airports.

Saudi Arabia, the UAE, Egypt, Bahrain and other states accuse Qatar of supporting and funding "terrorism" and of working with regional rival Iran, charges Doha firmly denies.

Sheikh Mohammed's demand came as a UAE minister warned that Qatar's diplomatic isolation could "last years".

"We do not want to escalate, we want to isolate," state minister for foreign affairs Anwar Gargash told journalists during a visit to Paris. "This isolation can take years."

The minister said that while Qatar's rivals were "betting on time", a solution could not be brokered until it abandoned its support for "extremist Islamists".

Sheikh Mohammed said that Qatar had not received any demands from the Gulf states or from countries seeking a diplomatic solution, including Kuwait, the United States, France and Britain.

"Why they didn't submit their demands yet? For us, there is no clear answer for this," he said.

"But what we have seen until now, there is no solid ground for these demands, that's why they didn't submit their demands yet."

The foreign minister added that the economic impact on Qatar had so far proved minimal but added: "We are not claiming we are living in a perfect condition."

The Gulf political crisis has also affected countries outside the region.

"France, UK or the United States -- they are strong allies of Qatar and we have a great deal of cooperation together in terms of military, defence, security, economically," said Sheikh Mohammed.

"So a blockade on Qatar and measures being taken against Qatar in this way is affecting the interests of those countries as well, directly."

Comments

Truth teller
 - 
Tuesday, 20 Jun 2017

you say "you can't negotiate until blockade is lifted, Really! but other gulf sates say there is no negotiation with Terrorists or their supporters until you stop it.

The reality is you have been given earlier warning years back when they cut only diplomatic ties with you by calling the ambassador back.you did not know why was it for?

secondly, you have broken the covenant you made with other states. and acting as if you know nothing. first stop funding and supporting terrorist groups and stop meddling with other nations internal affair. and stop your double face attitude with iran and gulf. be straight forward be brave! not coward.

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News Network
January 7,2020

Tehran, Jan 7: Iranian state television says 35 people have been killed and 50 others injured in a stampede that erupted at a funeral procession for a general slain in a US airstrike.

The TV says the stampede erupted in Kerman, the hometown of Gen. Qassem Soleimani where the procession was underway on Tuesday.

A procession in Tehran on Monday drew over 1 million people in the Iranian capital, crowding both main thoroughfares and side streets in Tehran.

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Agencies
February 16,2020

Al-Jawf, Feb 16: At least 31 people were killed and 12 others were injured here in the al-Maslub district in airstrikes by the Saudi-UAE-led military coalition on Saturday.

"Preliminary field reports indicate that as many as 31 civilians were killed and 12 others injured in strikes that hit al-Hayjah area of the al-Maslub district in al-Jawf governorate," said a statement from the office of the UN resident coordinator and humanitarian coordinator for Yemen.

According to Al Jazeera, the airstrike was conducted hours after the Yemeni Houthis said that they downed a Saudi fighter jet in the same region.

Commenting on the air raids, Lise Grande, the UN's humanitarian coordinator for Yemen, said: "We share our deep condolences with the families of those killed and we pray for the speedy recovery of everyone who has been injured in these terrible strikes."

"So many people are being killed in Yemen - it's a tragedy and it's unjustified. Under international humanitarian law, parties that resort to force is obligated to protect civilians," Grande was quoted as saying.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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