Saudi Arabia

RIYADH, April 2 (Xinhua) -- Saudi Arabia's Energy Ministry announced on Sunday a voluntary oil cut of 500,000 barrels per day from May till the end of 2023.

The production cut is in coordination with some other countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC Participating Countries in the Declaration of Cooperation, said the ministry in a statement.

It noted that the voluntary cut is in addition to the reduction in production agreed upon at the 33rd OPEC and non-OPEC Ministerial Meeting on Oc. 5, 2022.

30 Mar 2023; MEMO: Saudi Arabia and China have launched a joint venture of integrated refinery and petrochemical complex for fine chemicals and raw materials under the multi-trillion-dollar Belt and Road Initiative (BRI), Anadolu News Agency reports.

The $12.2 billion project between China and Saudi Arabia, dubbed as a "green and low-carbon initiative", was launched in Panjin city of north-eastern Liaoning province, according to the Chinese daily, Global Times.

30 Mar 2023; MEMO: Saudi Arabia's decision to join the Shanghai Cooperation Organisation has been met with much debate and controversy over how close the kingdom is getting to China and Russia.

28 Mar 2023; MEMO: The improved bilateral relations between Saudi Arabia and Iran will "strengthen regional solidarity", China's President Xi Jinping told Saudi Crown Prince, Mohammed bin Salman (MbS) on Tuesday, Anadolu News Agency reports.

28 Mar 2023; MEMO: A group of British Jews have taken part in a rare interfaith initiative in Saudi Arabia where they were allowed to enter and plant palm trees in the sacred city of Madinah, the second holiest site in Islam after Makkah.

27 Mar 2023; MEMO: The foreign ministers of Iran and Saudi Arabia are to meet during the holy month of Ramadan, according to an announcement today by the official Saudi Press Agency (SPA).

24 Mar 2023; MEMO: Saudi Arabia yesterday condemned a recent decision made by the Israeli Knesset that allows Jewish-only resettlement of four previously evacuated illegal settlements and outposts in the occupied West Bank.

24 Mar 2023; MEMO: The Saudi government has granted amnesty and released a large number of detainees who had been imprisoned in the Kingdom's jails for minor infractions.

According to the Director General of the Prisons Department, the process of releasing the prisoners has already begun in accordance with the King's decree and the directive of the Minister of Interior, Prince Abdulaziz bin Saud bin Nayef.

23 Mar 2023; MEMO: Saudi Foreign Minister, Prince Faisal Bin Farhan Al Saud, agreed to meet with his Iranian counterpart, Hossein Amir Abdollahian, soon in order to pave the way for the reopening of embassies and consulates.

The official Saudi Press Agency reported today that the two ministers exchanged greetings on the occasion of the holy month of Ramadan.

23 Mar 2023; MEMO: Syria and Saudi Arabia have agreed to re-open their embassies after cutting diplomatic ties more than a decade ago, three sources with knowledge of the matter said, a step that would mark a leap forward in Damascus's return to the Arab fold, Reuters reports.