Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

06/19 09:31   Vnukovo Airport handles 16.8% more passengers in May
 
06/19 09:29   Poroshenko submits High Anti-Corruption Court bill to Verkhovna Rada
 
06/19 09:27   Polymetal offered to buy Petropavlovsk's unfinished POX Hub - shareholder
 
06/19 09:25   Some 300 civilians return to their homes in Syria's Homs governorate, E. Ghouta in past day - Russian Defense Ministry
 
06/19 09:18   Moscow press review for June 19, 2018
 
06/19 09:11   Russian embassy hopes U.S. senators' Moscow visit to positively impact bilateral ties
 
06/19 09:05   INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
06/19 09:03   Mines, roadside bombs, explosive devices defused in Yarmouk in Damascus outskirts - Russian Defense Ministry
 
06/19 09:00   RUSSIA AND FSU GENERAL NEWS
 
06/19 08:16   Results of forex trading on Moscow Exchange on June 18
 



 Subscription
You can access a demo version of, recieve more information about or subscribe to Interfax publications by filling in and sending the form below.

First name:


Last name:


Company:


Division:


E-mail:


Phone:


Country:


City:


Please enter the digits in the box below:

 

Interfax.com  |  Interviews  |  Ahmed Al-Saati: I think oil production freeze agreement will be extended for...



Interviews


June 09, 2017

Ahmed Al-Saati: I think oil production freeze agreement will be extended for another year


Bahraini Ambassador to Russia Ahmed Abdulrahman Al Saati has given an interview to Interfax in which he speaks about the prolongation of the decision of OPEC and non-OPEC countries to freeze oil output, prospects of energy cooperation between Bahrain and Russia, bilateral military-technical cooperation and prospects for resuming diplomatic relations with Iran.

Question: Could you please comment on the decision of OPEC and non-OPEC countries on the freeze of oil output?

Answer: Of course, it is a significant deal to agree between OPEC and non-OPEC oil producers, which will help to support the oil price and production. As you know, we had a very successful year to maintain the price since July 2016 to 2017. This agreement, of course, will support stabilizing oil prices for the coming year, giving a chance to all oil producing countries to fix their budgets and to maintain their development projects. Bahrain is very minor producer of oil, but we are supporting this deal, and hopefully the visit of the oil minister of Saudi Arabia to Moscow recently - and also the Saudi deputy crown prince meeting with Mr. Putin on the same day will support this agreement, because this agreement is very important for us, for Russia, for Saudi Arabia and other producers.

Q.: The Russian and Saudi Arabian energy ministers earlier said they wanted more countries to join this agreement between OPEC and non-OPEC countries. Do you know what countries did they mean?

A.: I think it is important for us to have Iran stick to the production, to not exceed. It is very important for us. Also, other countries like Brazil and maybe India, because they are non-OPEC, but in general I think that we need all oil producers cooperate. And of course the main producers [] the United States as the oil producer, as they have a significant effect on the oil price and oil production on the market. So it is important for us.

It is important for the stability and security of the world that the oil price should be stable for another year, so that most of the countries can implement their program and finance their budgets, because deficit happened to the budgets of some countries and created so many crises inside the countries.

Q.: Is it important to prolong the agreement for another period, be it six months, nine months or one year?

A.: I think they will reach an agreement to extend it for one more year, because I expect that the oil price might rise maybe a few dollars in the coming period, because [] winter is coming, so there will be a high demand for oil. In general, we are looking for a fair price for oil. This agreement is ensuring a fair price for a producer and for a consumer, so for both sides.

Q.: Let me switch now to bilateral cooperation between Russia and Bahrain. What is your assessment of bilateral cooperation in economic and trade spheres? And what are the prospects for cooperation in the oil, gas and energy spheres?

A.: The level of cooperation is very high between our two countries in the sphere of oil and gas and energy in general. We have signed so many agreements between the two governments on exploration of oil both off the shore and on the shore, and also to import gas from Russia to the Gulf region. There is a joint committee now meeting frequently in Manama and in Moscow to exchange information and data. I think we are continuing this cooperation as Russia has very good experience and knowledge in the sphere of gas and oil and exploration. Also, Bahrain is a potential market for oil and gas.

Another aspect is that we have cooperation in trade and business and also in culture and tourism. We are picking up the relationship since the visit of His Majesty, the King of Bahrain last September, and we are working on how to implement all the agreements we reached. One of them is that we decided to give Russian citizens entry visas upon arrival to the airport for approximately $12, allowing them to stay for four week in Bahrain with a possibility to renew visas. We visited the St. Petersburg forum with a big delegation to meet all officials from governmental bodies and oil companies and banks to discuss how to establish joint venture companies or to encourage investors from both sides - Russian investors to Bahrain and Bahraini investors to Russia. We are working very hard to make trade exchange rate higher than the existing. I am very optimistic, because we have good will from both governments.

Q.: Not long ago Russias Zarubezhneft was ready take part in different project in Bahrain and participate in different tenders. What is the situation now? Is it taking part in any tender in Bahrain?

A.: Yes, we actually have hosted almost six oil companies in the Geo exhibition and conference held in Bahrain this year. There is so many understanding between oil companies in Bahrain and those companies.

It is a long-term business in the oil sphere not only with one company. We had the Rosneft chairman in Bahrain this April, and we discussed also how to work together in different spheres. We met Tatneft in St. Petersburg to see their experience in drilling a new oil well. They have a good knowledge and experience - something called 3D exploration. We are very interested in this. This is promising, and we are working day by day with oil companies.

Q.: Is Bahrain interested in expanding military-technical cooperation with Russia? And what types of Russian arms is Bahrain interested in?

A.: Currently, we have an agreement with Rosobornexport and the Ministry of Defense to exchange information and training. There is an understanding between both sides for military officers to have maximum benefit of the relationship in the military sphere. Russia is very advanced in weapons and military, we would like to get the benefit of that. We also invited Rosobonexport and so many military companies to participate in defense conference and exhibition which will be held in Bahrain [on October 16-18] this year. Hopefully, we will receive so many companies to exhibit and to present their products and military services to the region. We are also hosting an air show in 2018, and also we are hosting every year Russian aircraft and air forces participating in this exhibition. We will take part in Moscow you have a big air show [MAKS 2017]. We booked a stand to promote Bahrain and to make a deal with Russian companies.

With regard to business, we have two important events coming. Those are a Russian-Gulf meeting of industry and trade ministers of both sides that will take place in Yekaterinburg in July. This is the first meeting between both sides to discuss how to improve trade and industry business with Russia and the Gulf Cooperation Council (GCC), which consists of Bahrain, Saudi Arabia, Kuwait, United Arab Emirates, Oman and Qatar. The other thing is that we will have a joint council meeting between Bahrain and Russia at the end of July. We have these joint council meetings every year of representatives of chambers of commerce of both sides with businessmen to discuss the potential business and mutual projects.

Q.: How do you evaluate prospects of solving the Syrian conflict? What is the position of Bahrain on the future of Syrian President Bashar al-Assad?

A.: Actually, Bahrain is supporting the settlement of the Syrian crisis according to United Nations resolutions. With regard to Bashar al-Assad, it depends on the Syrian people to decide, because it is a matter related to them. We do not want any interference of the internal crisis, we ask the superpowers the United States and Russia - to agree on the settlement of this crisis as soon as possible and to rescue innocent people in Syria and to deliver humanitarian aid to the Syrian people. This is our opinion of the Syrian process.

Q.: Bahrain closed their embassies in Tehran last year. Are there plans to reopen the embassy?

A.: The embassy was closed for the reason that the Iranian government interfered with our internal issues and supported some extremists and used a diplomatic way to disrespect the neighborhood between Bahrain and Iran. This had lasted for several years. In the end we did not find any solution but to hold the relationship temporarily until we get guaranteed that the Iranian side respects our sovereignty and territory and does not interfere in our issues. It is upon Iran. If they respect and the international law, if they do not interfere, if they dont support extremists, dont send terrorists against my country, of course we can reconsider the issue. But currently we see no positive signal from the Iranian side.



Interviews
 

.
UK Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks about the level of cooperation with Russia as part of preparations for the FIFA World Cup, his expectation as to the number of British fans who will come to Russia and other aspects of preparing for the tournament.

more
.
.
The director of the Executive Committee of the SCO Regional Anti-Terrorist Structure, Yevgeny Sysoyev, gave an interview to Interfax in which he discussed threats that Russia and the world face in the light of ISILs transformation, as well as the structures achievements in the fight against terrorism.

more
.
.
Ahead of his visit to Moscow newly-elected Austrian Chancellor Sebastian Kurz has given an interview to Olga Golovanova for Interfax. In the interview he speaks about his expectations from the upcoming meeting with the Russian president, his vision of solving the energy-security problem in Europe, the migration crisis, and explains conditions under which some sanctions could be lifted from Russia.

more
.
.
Palestinian Ambassador to Russia Abdel Hafiz Nofal has given an interview to Interfax correspondent Veronika Vishnyakova ahead of a visit of Palestinian leader Mahmoud Abbas to Russia in which he speaks about the main topics of the upcoming Russian-Palestinian summit, prospects for the Palestinian-Israeli settlement and the initiative of creating a new mediating mechanism for the Palestinian-Israeli settlement.

more
.
.
U.S. Ambassador to Russian Jon Huntsman, who arrived on his mission to Moscow last fall, has given an interview to chief of the Interfax‘s foreign political desk Olga Golovanova ahead of the publication of the so-called "Kremlin dossier". He called on to take this report without emotions and expressed Washington‘s desire to work together with Moscow on the elimination of sanctions. He also confirmed U.S. commitment to the New START Treaty and cut short suggestions that Washington may quit INF Treaty. He also said about what should happen for a U.S.-Russian summit take place.

more
.
.
Under-Secretary-General of the United Nations Counter-Terrorism Office Vladimir Voronkov, who was appointed to the post six months ago, has given his first big interview to Interfax. He discussed tasks that the UN Counter-Terrorism Office faces in countering global terrorism.

more
.
.
Russian Foreign Minister Sergei Lavrov has given an interview to Interfax in which he sums up the foreign policy events of the outgoing year and tells of Russias diplomatic priorities in 2018.

more

 
  
 ©   1991—2018   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100