logo
Eni reducing personnel at Iraq's Zubair as a precautionary measure

Eni reducing personnel at Iraq's Zubair as a precautionary measure

Al Arabiya3 hours ago

Eni has reduced the presence of its personnel at the Zubair oil and gas field in Iraq as a precautionary move, a spokesman for the Italian energy group said on Monday.
US attacked key Iranian nuclear sites during the weekend, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.
Eni said it was monitoring the situation across the Middle Eastern region, in close coordination with authorities.
Shell and Chevron, which also have operations in Iraq, declined to comment on developments that might affect their business in the country.
'Our top priority is the safety of our personnel, the communities in which we operate, the environment, and our facilities,' Chevron said in an emailed comment.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Israeli strike on Iran's Evin prison irresponsible, says sister of French prisoner
Israeli strike on Iran's Evin prison irresponsible, says sister of French prisoner

Al Arabiya

time37 minutes ago

  • Al Arabiya

Israeli strike on Iran's Evin prison irresponsible, says sister of French prisoner

An Israeli strike on Evin prison in Tehran on Monday is completely irresponsible and puts prisoners 'in mortal danger,' said Noemie Kohler, the sister of French national Cecile Kohler who is jailed there. Iran's judiciary said Israeli strikes left sections of the facility damaged and Israel's defense minister confirmed the army was targeting it. Cecile Kohler has been held along with her partner Jacques Paris in Evin since May 2022 on espionage charges their families reject. Overall, Iran is believed to hold around 20 European nationals in what some Western governments describe as a strategy of hostage-taking aimed at extracting concessions from the West. Most are held in Evin, a large, heavily fortified complex notorious among activists for rights abuses. It is located in a northern district of the Iranian capital. 'This strike is completely irresponsible. Cecile, Jacques and all the prisoners are in mortal danger,' Noemie Kohler told AFP. 'This is really the worst thing that could have happened,' she added. 'We have no news, we don't know if they are still alive, we're panicking,' Noemie Kohler said. She urged the French authorities to 'condemn these extremely dangerous strikes' and secure the release of the French prisoners. She also expressed concern about the risk of 'chaos' and 'riots.' Noemie Kohler has tirelessly campaigned to secure the release of her sister and her sister's partner Jacques Paris. Chirinne Ardakani, a lawyer for the Kohler family, denounced the strikes as 'illegal'. 'The risk of riots, general confusion and reprisals by the security forces against the insurgent prisoners raises fears of bloodshed,' she told AFP. 'Both sides are playing with people's lives.' The Iranian judiciary's website, Mizan Online, said that the prison buildings remained 'under control.'

PIF launches commercial paper program to diversify funding sources
PIF launches commercial paper program to diversify funding sources

Arab News

time38 minutes ago

  • Arab News

PIF launches commercial paper program to diversify funding sources

RIYADH: Saudi Arabia's Public Investment Fund has launched its first commercial paper program, introducing a new tool to diversify its funding sources and enhance short-term liquidity management. A commercial paper is a debt instrument used to raise short-term funding, offering faster access to funds than traditional loans. It is widely used in global financial markets, offering PIF greater flexibility in meeting its needs while aligning with its dynamic investment priorities. The CP program will enable PIF to issue short-term debt through offshore special-purpose vehicles, enhancing its liquidity management and complementing its long-term capital-raising initiatives. According to a press release, the initiative, which includes US and Euro CP sub-programs, has received top-tier credit ratings of Prime-1 from Moody's and F1+ from Fitch, underscoring its strong financial standing. PIF has consistently demonstrated its ability to pioneer new financial instruments. In 2022, it became the first sovereign wealth fund globally to issue a green bond, including a landmark century green bond, followed by a successful $3.5 billion sukuk issuance, according to the fund. PIF's Head of Global Capital Finance and Investment Strategy and Economic Insights, Fahad Al-Saif, emphasized the program's role in strengthening the fund's resilient and adaptive financial framework. 'The establishment of our CP program reflects the continued strength and depth of PIF's capital raising strategy; one that is dynamic, resilient, and fit for purpose, aligning funding solutions with our long-term investment priorities,' he said. In a press release, Moody's Ratings said that the programs will operate under newly established special purpose vehicles, CPDE Investment Co. and CPNL Investment Limited. 'PIF has an excellent liquidity profile,' Moody's said in its rating rationale, citing the fund's cash reserves of SR106 billion ($28 billion) and undrawn credit facilities as key strengths. According to the agency, the USCP program will support maturities of up to 397 days, while the ECP program will cover maturities of up to 364 days, with proceeds earmarked for general corporate purposes. PIF is Saudi Arabia's primary investment arm, tasked with advancing economic transformation under Vision 2030. Through strategic partnerships and investments, the fund aims to build future-ready industries, create employment opportunities, and promote sustainable development. As the driving force behind Saudi Arabia's Vision 2030, PIF has established 103 companies since 2017, fostering economic diversification and sustainability.

Israel targeting Tehran's Evin prison, ‘agencies of repression': minister
Israel targeting Tehran's Evin prison, ‘agencies of repression': minister

Arab News

timean hour ago

  • Arab News

Israel targeting Tehran's Evin prison, ‘agencies of repression': minister

Jerusalem: Israel targeted Tehran's notorious Evin prison as well as the command centers of security agencies in Iran responsible for 'maintaining the regime's stability,' a minister and the military said Israeli military 'is carrying out strikes of unprecedented force against regime targets and agencies of government repression in the heart of Tehran,' Defense Minister Israel Katz wrote on X as the Iran-Israel war raged for an 11th included Evin prison — 'which holds political prisoners and regime opponents' — as well as the command centers of the domestic Basij militia and the powerful Revolutionary Guards, he a separate statement, the military said that it was hitting command centers of security forces including the Revolutionary Guards, a wing of the Iranian military.'These forces... are responsible on behalf of the Iranian regime's military for defending the homeland security, suppressing threats, and maintaining the regime's stability,' it said in a began its military campaign against Iran on June 13 with strikes on the country's nuclear and missile facilities, which Israeli Prime Minister Benjamin Netanyahu has described as an 'existential' threat for his the list of targets has widened since then, encompassing state television and the Iranian domestic security forces, raising speculation that Israel is seeking to topple Iran's supreme leader Ayatollah Ali Donald Trump hinted Sunday at interest in changing Iran's system of government, despite several of his administration officials earlier stressing that US strikes on Iranian nuclear sites overnight on Saturday-Sunday did not have that goal.'It's not politically correct to use the term, 'Regime Change,' but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change??? MIGA!!!' Trump posted on his Truth Social journalists heard explosions in northern Tehran on Monday and Iran's Red Crescent reported a strike near its building in the prison is often used to hold foreign nationals and Iranians that are seen by rights groups as political is believed to hold around 20 European nationals, many of whose cases have never been published, in what some Western governments describe as a strategy of hostage-taking aimed at extracting prison is a large, heavily fortified complex located in a northern district of the Iranian capital, and is notorious among activists for alleged rights least three waves of incoming Iranian missiles were reported by the Israeli military on a hard-liner in Netanyahu's government, added that 'for every rocket fired at Israel's home front, the Iranian dictator will be severely punished, and the attacks will continue with full force.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store