Page 17 - MEOG Week 40

MEOG NEWS IN BRIEF MEOG

Kuwait’s emir asks REUTERS
POLICY emir and another to finalise pending items.
Iran tweaks Washington’s government to stay on, EU warns Turkey over

nose with further fuel prepare for elections Mediterranean provocations
deliveries to Venezuela Kuwait’s new emir has asked the cabinet The EU says it could impose sanctions on
to carry on its duties and prepare for
Iran continues to tweak the nose of parliamentary elections due this year after the Turkey over “provocations and pressures” in
Washington with the delivery of fuel to prime minister handed in his government’s a row with Greece over energy resources and
gasoline-starved Venezuela. The final resignation, state news agency KUNA maritime borders.
tanker in a flotilla of three Iranian fuel reported on Tuesday. European Commission President Ursula
tankers docked at eastern Venezuela’s port Parliament, which must approve the emir’s von der Leyen called on Ankara to “abstain
of Guaraguao on October 4, according to choice of crown prince, will end its term on from unilateral actions” in the eastern
Refinitiv Eikon data and a person familiar Oct. 8, Speaker Marzouq al-Ghanim later said Mediterranean.
with the matter cited by Reuters. in remarks broadcast on state television. She spoke early on Friday during a meeting
The economy of Venezuela, like that of Prime Minister Sheikh Sabah al-Khalid of EU leaders in Brussels.
Iran, is under immense strain because of al-Sabah met Emir Sheikh Nawaf al-Ahmad Earlier, Turkey and Greece set up a military
US sanctions. By working together, Caracas al-Sabah, who assumed power last week, hotline to try to reduce the risk of clashes in
and Tehran can jointly undermine the heavy and in line with the constitution submitted the region.
sanctions policy directed at both countries by the government’s resignation “to ensure Tensions rose earlier this year when Turkey
the Donald Trump White House. It is thought ministerial responsibilities are held by those sent a ship into a disputed area to search for
that Venezuela is paying for the fuel deliveries who enjoy the emir’s confidence”, KUNA said. potentially rich oil and gas deposits.
with gold. It said Sheikh Nawaf expressed his full BBC
The three tankers, which began arriving confidence in the current cabinet, which was
last week, have delivered some 820,000 formed last December.
barrels of fuel to the South American country, Sheikh Nawaf, 83, took the helm of the OIL
where severe shortages of gasoline – as well U.S.-allied OPEC member state following the
as unreliable power, water and cooking gas death of his brother Emir Sheikh Sabah al- Iran’s oil sales to reach
supplies – have led to a wave of protests in the Ahmed last Tuesday aged 91.
neglected interior in recent weeks. Kuwaitis have been waiting for Sheikh $5bn in 2020
“Tomorrow, October 5, the plan to Nawaf to name a crown prince to help guide
normalise and restart the gasoline distribution state affairs at a time when low oil prices and Iran lost $115 billion in oil exports and non-
situation begins,” Maduro said in a state COVID-19 have hit state finances against oil revenues, and the country’s crude oil sales
television address. “We have in the last week the backdrop of continued tensions between this year will reach five billion dollars at best,
managed to produce the gasoline and other Kuwait’s larger neighbours Saudi Arabia and according to an Iranian economic official.
products Venezuela needs, in addition to the Iran. Iran’s total oil and non-oil exports will
good quantity of gasoline that has arrived The parliament speaker said if the emir reach $35 billion this year, whereas its
from abroad.” names a crown prince on Wednesday, then he foreign currency expenditures amount to $50
Iran has also delivered products to would call a session for Thursday morning. billion annually, the chairman of Iran-China
Venezuela that are helping the latter to restart If there is no announcement by Wednesday, Chamber of Commerce, Majidreza Hariri, was
its sanctions-hit refineries. then parliament would vote on the candidate quoted by ILNA news agency.
BNE at an extraordinary session. The official warned that his country will
Al-Ghanim said the body would hold two face a currency crisis for years if exports
sessions on Wednesday, one to honour the late are not doubled, expressing concern that

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