A federal court in Washington, D.C. has struck down the Dakota Access Pipeline, following years of campaigning by the Standing Rock Sioux tribe.
Saudi Arabia fires Oil Minister, hiring a Minister of Energy instead
Saudi Arabia is taking big steps towards post-oil era. With an unexpected decision, King Salman fired Saudi oil minister Ali al Naimi, who had held the post since 1995. The long-serving oil minister had planned the kingdom’s energy strategies for decades but he has now been replaced by Khaled al Falih, chairman of the state oil
Saudi Arabia is taking big steps towards post-oil era. With an unexpected decision, King Salman fired Saudi oil minister Ali al Naimi, who had held the post since 1995. The long-serving oil minister had planned the kingdom’s energy strategies for decades but he has now been replaced by Khaled al Falih, chairman of the state oil giant Saudi Aramco.
Cinq choses à savoir sur le nouveau ministre #ArabieSaoudite du #Pétrole #Saudi Khaled Al Faleh #oil https://t.co/NalmXU0XM4 via @letemps
— catherine frammery (@cframmery) May 9, 2016
Cabinet reshuffle against the crisis
The oil ministry had been renamed the Ministry of Energy, Industry and Mineral Resources, which will absorb the electricity ministry as well. This change is part of a larger reorganisation that also includes the areas of water, transport, trade, social affairs, health and pilgrimage. It’s an action aimed at reviving the country’s economy that had been severely hit by a recent plunge in oil prices.
Saudi Vision 2020
Shortly after his designation, Al Falih said Saudi Arabia will remain committed to “strengthening its position as the world’s most reliable supplier of energy”. He added that the new ministry aims to achieve the ambitious goals set in the plan recently launched by Deputy Crown Prince Mohammed. Saudi Vision 2020 is, actually, an economic revolution aimed at cutting Saudi Arabia’s dependence on oil, by creating a sovereign fund and selling part of Aramco’s shares.
Saudi oil minister Ali al-Naimi sacked in government shake-uphttps://t.co/lpHEWH1Wgc pic.twitter.com/USRreRUOiY
— The Indian Express (@IndianExpress) May 7, 2016
The dispute on oil production
It seems that Al Naimi has paid his opposition to King Salman’s decision of decreasing oil production to deal with low oil prices, an opposite strategy to the line followed earlier. The possibility of reducing production gave rise to disputes between OPEC member countries, as well as among outsiders, including Russia. Last month, Russia and Saudi Arabia failed to reach an agreement to freeze production, as Iran didn’t sign.
Siamo anche su WhatsApp. Segui il canale ufficiale LifeGate per restare aggiornata, aggiornato sulle ultime notizie e sulle nostre attività.
Quest'opera è distribuita con Licenza Creative Commons Attribuzione - Non commerciale - Non opere derivate 4.0 Internazionale.
The consequences of oil extraction and use are devastating. From the environment to health, from human rights to armed conflicts.
La monarchia araba ha annunciato un calo delle emissioni di gas ad effetto serra. A patto però che i profitti dalle esportazioni di petrolio restino alti…
Thirty years ago, Bill McKibben alerted us to the threat of climate change. In 1989 he published his groundbreaking book, The End of Nature, which was considered the first book on climate change for the general audience. Today, he broadens his warning. Humans have now emerged as a “destructive geological force”, he writes in his
L’8 giugno si tengono le elezioni in Regno Unito per scegliere chi guiderà il paese nei negoziati per la Brexit. Theresa May è favorita, ma il suo vantaggio è in calo.
The Canadian oil company Pacific E&P, who had been granted the right to explore and extract oil in the Peruvian Amazon by the national government, has halted its exploration activities in block 135 of the rainforest (which is divided into “blocks” of oil and gas exploration). The company released a statement saying it “has made the decision to relinquish its exploration
The Bakken or Dakota Access Pipeline (DAPL), an underground oil pipeline project in the United States, is owned by a network of oil and pipeline companies, joint ventures and holding companies. After Trump revived it in January without the consent of the Sioux indigenous tribe affected by it and flouting environmental laws, many investors both from the US
Abortion, torture, pipelines, trade agreements, LGBT rights and the US-Mexico border wall. What happened during Trump’s first week leading the United States.
Canadian Prime Minister Justin Trudeau has approved the building of a major oil pipeline known as the Kinder Morgan pipeline, which will run from the Alberta Tar Sands to the port of Burnaby on the province of British Columbia’s (BC) Pacific coast, whilst rejecting the construction of its twin, the Northern Gateway pipeline. The Kinder