person:khalid al-falih

  • Affaire Khashoggi : Riyad ne veut pas créer un nouveau choc pétrolier - L’Orient-Le Jour

    « Cet incident passera », a laconiquement répondu Khalid al-Falih à Tass. « Mais l’Arabie saoudite est un pays extrêmement responsable. Nous avons utilisé depuis des décennies notre politique pétrolière comme un outil économique responsable séparé de la politique. »

    Le ministre saoudien a néanmoins ajouté qu’il ne pouvait pas exclure que le prix du baril de brut remonte au-dessus de 100 dollars après l’entrée en vigueur des sanctions américaines visant le secteur pétrolier iranien. « Je ne peux pas vous le garantir, car je ne sais pas ce que vont faire les autres producteurs », a-t-il dit. « Il y a des sanctions contre l’Iran et personne ne sait ce que deviendront les exportations iraniennes. Il y a aussi des baisses de production potentielles dans différents pays comme la Libye, le Nigeria, le Mexique et le Venezuela », a détaillé Khalid al Falih. « Si la production baisse de trois millions de barils par jour, nous ne pourrons pas couvrir ce volume. Nous devrons donc taper dans nos réserves », a-t-il poursuivi.

    Carotte et bâton #khashoggi

  • Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack | Reuters

    Top oil exporter Saudi Arabia said on Thursday it was “temporarily halting” all oil shipments through the strategic Red Sea shipping lane of #Bab_al-Mandeb after an attack on two big oil tankers by Yemen’s Iran-aligned Houthi movement.

    Saudi Energy Minister Khalid al-Falih said in a statement sent by his ministry that the Houthis had attacked two Saudi Very Large Crude Carriers (VLCCs) in the Red Sea on Wednesday morning, one of which sustained minimal damage.

    Saudi Arabia is temporarily halting all oil shipments through Bab al-Mandeb Strait immediately until the situation becomes clearer and the maritime transit through Bab al-Mandeb is safe,” the statement said.


    • Les deux pétroliers, non identifiés, appartiennent à Bahri, la filiale Maritime de Saudi Aramco.

      Saudi Arabia suspends oil exports through Bab al-Mandeb | Yemen News | Al Jazeera

      A statement by the coalition said one tanker was attacked west of Yemen’s Hodeidah port but did not name the vessel or describe how it was hit.

      The Saudi oil tanker was subjected to slight damage due to the attack by the Houthi militia,” the statement said. “Thankfully the attack failed due to immediate intervention of the coalition’s fleet.

      A statement from Saudi Aramco said “two Very Large Crude Carriers [VLCCs], each with a two million barrels capacity ... were attacked by terrorist Houthi militia this morning in the Red Sea. One of the ships sustained minimal damage. No injuries nor oil spill have been reported”.

    • هل هُناك عَلاقة بين هُجوم الحوثيين على نَاقِلَة نِفط سُعوديّة في البَحر الأحمر وتَهديد إيران بإغلاق مَضيق هرمز؟ ولماذا تتزايَد تسريبات الإمارات حَول نواياها بسَحبِ قُوّاتِها مِن اليَمن هَذهِ الأيّام؟ وكيف نُفَسِّر الصَّمت السُّعوديّ تُجاهَها؟ | رأي اليوم

      Edito ABA dans Rai al-yom : "Y a-t-il un lien entre l’assaut des Houthis contre le pétrolier saoudien en mer Rouge et les menaces iraniennes de fermer le détroit d’Hormuz ? Pourquoi voit-on se multiplier les rumeurs à propos d’un retrait des forces émiriennes au Yémen ? Pourquoi ce silence saoudien sur ce sujet ?

    • D’après Mujtahidd, il ne s’agit pas d’un pétrolier mais bel et bien d’un bâtiment de guerre....

      السفينة التي ضربت قرب باب المندب كانت بارجة حربية سعودية لكن ابن سلمان تحاشى أن يعترف أن الحوثيين لديهم قدرة على تدمير سفنه الحربية فزعم أنها ناقلة نفط الأحمق لم يدرك أن الاعتراف بعجز كامل عن حماية باب المندب بعد ثلاث سنوات من الحرب أخطر من الاعتراف بضرب بارجة حربية

    • UAE Calls Houthi Attack on Oil Shipments Totally Irresponsible - The New York Times

      An attack on Wednesday by Yemen’s Iran-aligned Houthi rebels on two oil tankers in the Red Sea was totally irresponsible, United Arab Emirates Minister of State for Foreign Affairs Anwar Gargash said.

      This is a totally irresponsible act,” he told an audience in London on Thursday. “The effect of it actually is much wider than the region.

      He added: “I think this is another example of why the Houthi takeover of the Yemeni government in Sanaa should end.

      Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea, one of the most important trade routes for oil tankers heading from the Middle East to Europe.

      The UAE is part of a Saudi-led coalition of Arab states fighting to gain control of the Houthi-controlled main port of Hodeidah.

      The only way forward is to get Hodeidah,” Gargash said. “What we are planning to do is give diplomacy every possible chance to secure that.

      #yapuka … l’offensive « finale » sur Hodeida démarrée le 13 juin est « en pause » pour laisser sa chance à la diplomatie depuis le 1er juillet.

    • Saudi Arabia resumes oil exports through Red Sea lane | Reuters

      Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.

      Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen’s Iran-aligned Houthi movement.

      A statement by the Energy Ministry said shipments had resumed on Saturday.

      The decision to resume oil shipment through the strait of Bab al-Mandeb was made after the leadership of the coalition has taken necessary measures to protect the coalition states’ ships,” Energy Minister Khalid al-Falih said in the ministry statement.

  • Saudi Arabia’s ‘normalisation’ baffles global business

    For many at Davos, Saudi Arabia was baffling rather than normalising. While they were fascinated by the boldness of the economic change and social transformation — the ban on women driving is being lifted and young people can now listen to music and go to the cinema — participants were also alarmed by a crackdown that is damaging the business environment and concentrating political and economic power in the hands of a 32-year-old.

    As the WEF was wrapping up in the Swiss Alps, the crown prince was also winding down his anti-corruption operation, following the confiscation of prisoners’ cash, real estate and assets in return for their release. At the weekend, the highest profile detainee, Prince Alwaleed, walked out of the Ritz. To lessen his embarrassment, he gave an interview before he was freed, claiming his detention was a misunderstanding. “Everything’s fine. It’s like home,” he told Reuters, an attitude that did nothing to quell speculation that he parted with a chunk of his wealth to win his freedom.


    The disconnect between Saudi Arabia’s perception of its actions and the global impact of the purge was evident when I spoke to Khalid al-Falih, the technocrat in charge of the oil ministry and a close aide to MbS. I asked him whether he appreciated the nervousness of global business. “People look at what happened in China, in the anti-corruption campaign of Xi Jinping, and it was unique to China,” he told me. “And they look at what was done in Saudi Arabia given Saudi Arabia’s unique status. I call it something of a hygiene issue. We cleaned it up our way.”

  • Saudi Arabia will not stop pumping to boost oil prices - Financial Times

    Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom’s economy.
    Officials have told the Financial Times that the world’s largest exporter will produce enough oil to meet customer demand, indicating that the kingdom is in no mood to change tack ahead of the December 4 meeting in Vienna of the producers’ cartel Opec.

    “The only thing to do now is to let the market do its job,” said Khalid al-Falih, chairman of the state-owned Saudi Arabian Oil Company (Saudi Aramco). “There have been no conversations here that say we should cut production now that we’ve seen the pain.”
    Saudi Arabia rocked oil markets last November when Opec decided against production cuts, making clear that the kingdom was abandoning its policy of reducing supplies to stabilise the price.
    Since then, the oil price has collapsed from a high of $115 a barrel last year to $50 a barrel.
    Global oil companies, which have put hundreds of billions of dollars of investment on hold as a result of low prices, will be disappointed by the Kingdom’s stance.
    The effect on business sentiment has sparked domestic criticism of the market share policy engineered by Ali al-Naimi, the oil minister, and agreed by both the late King Abdullah and the current King Salman, who was crown prince last year and ascended the throne in January.
    Officials in Riyadh say their policy will be vindicated in one to two years when revived demand swallows the global oil glut and prices begin to recover.
    They argue that in the past, Opec output cuts raised prices to levels where more expensive production, such as shale and deep-sea oil, could flourish. Moving ahead, Opec — led by Saudi Arabia — plans to pump as much as it can towards meeting global oil demand, leaving higher-cost producers to make up the remainder.
    $100 oil was perceived as a guarantee of no risk for investment. Now, the insurance policy that’s been provided free of charge by Saudi Arabia does not exist any more
    – Khalid al-Falih, chairman of Saudi Aramco
    For higher-cost producers, “$100 oil was perceived as a guarantee of no risk for investment”, said Mr Falih. “Now, the insurance policy that’s been provided free of charge by Saudi Arabia does not exist any more.”
    Mr Falih, who is also health minister, forecast the market would come into balance in the new year, and then demand would start to suck up inventories and storage on oil tankers. “Hopefully, however, there will be enough investment to meet the needs beyond 2017.”
    Other officials also estimated that it would probably take one to two years for the market to clear up the oil market glut, allowing prices to recover towards $70-$80 a barrel.
    The fall in government revenues has pushed Saudi Arabia’s oil-dependent economy into a fiscal crunch. To fund this year’s budget deficit of 20 per cent of gross domestic product, the government is dipping into its massive financial reserves.
    Officials are also working on a more sustainable strategy to curtail spending, which has ballooned in recent years.
    Delaying infrastructure projects, such as the Riyadh underground, and enforcing a spending squeeze across government departments has brought a slowdown in the private sector.
    Senior officials dismiss the domestic criticism of the oil policy, saying other producers would have quickly replaced any Saudi production cuts with new output.

    Officials, however, acknowledge that the extent of the oil price slump has been deeper than initially envisaged.
    “We knew that it was going to be painful but the extent of the pain went beyond our expectations,” said Mr Falih. “The market has overreacted as it typically does in such down-cycles.”
    But oil producers are now cancelling projects outright, rather than just deferring them, raising concerns of a future jump in price if demand outpaces supply.
    “Now everyone is running to the exit and projects are being cancelled,” said Mr Falih. “That’s necessary, but what will happen five to 10 years from now? Investment is needed.”