Saudi film producer clinches distribution deal with Vox

Updated 08 March 2018
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Saudi film producer clinches distribution deal with Vox

LONDON: Saudi Arabian film animation producer Myrkott has signed an exclusive distribution agreement with Dubai-based Vox Cinemas, the largest movie operator in the Middle East.
Vox will distribute the company’s films to all theaters in the Gulf and North Africa.
Myrkott is behind the YouTube animated hit Masameer which has attracted more than 700 million views.
Mohamed Al-Hashemi, country manager in KSA for Majid Al Futtaim Ventures (the leisure and entertainment company that owns and operates Vox) said:
“Myrkott is proof that Saudi creative industries are going to be a powerful player regionally and internationally in the years to come.”
He added: “Vox Cinemas is delighted to provide Myrkott with the regional distribution pedigree that will help their already hugely successful content find new audiences.”
Part of the distribution agreement will include a feature film version of Masameer that has enthralled Middle Eastern audiences.
At the end of last month Vox provided its first screenings to the Kingdom with a program that aimed to raise awareness of Alzheimer’s disease within the Gulf Cooperation Council region.
Vox, with 29 cinema complexes and 294 screens across the Middle East and North Africa, is the region’s largest and most rapidly growing cinema chain.


Libya’s National Oil against paying ‘ransom’ to reopen El Sharara field

Updated 14 December 2018
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Libya’s National Oil against paying ‘ransom’ to reopen El Sharara field

  • Ransom payment would set dangerous precedent
  • NOC declared force majeure on exports on Monday

BENGHAZI: Libya’s state-owned National Oil Corp. (NOC) said it was against paying a ransom to an armed group that has halted crude production at the country’s largest oilfield.
“Any attempt to pay a ransom to the armed militia which shut down El Sharara (oilfield) would set a dangerous precedent that would threaten the recovery of the Libyan economy,” NOC Chairman Mustafa Sanalla said in a statement on the company’s website.
NOC on Monday declared force majeure on exports from the 315,000-barrels-per-day oilfield after it was seized at the weekend by a local militia group.
The nearby El-Feel oilfield, which uses the same power supply as El Sharara, was still producing normally, a spokesman for NOC said, without giving an output figure. The field usually pumps around 70,000 bpd.
Since 2013 Libya has faced a wave of blockages of oilfields and export terminals by armed groups and civilians trying to press the country’s weak state into concessions.
Officials have tended to end such action by paying off protesters who demand to be added to the public payroll.
At El Sharara, in southern Libya, a mix of state-paid guards, civilians and tribesmen have occupied the field, camping there since Saturday, protesters and oil workers said. The protesters work in shifts, with some going home at night.
NOC has evacuated some staff by plane, engineers at the oilfield said. A number of sub-stations away from the main field have been vacated and equipment removed.
The occupiers are divided, with members of the Petroleum Facilities Guard (PFG) indicating they would end the blockade in return for a quick cash payment, oil workers say. The PFG has demanded more men be added to the public payroll.
The tribesmen have asked for long-term development funds, which might take time.
Libya is run by two competing, weak governments. Armed groups, tribesmen and normal Libyans tend to vent their anger about high inflation and a lack of infrastructure on the NOC, which they see as a cash cow booking billions of dollars in oil and gas revenues annually.