Saudi labor minister heads delegation at ILC in Geneva

Ahmad Al-Rajhi. (SPA)
Updated 09 June 2019
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Saudi labor minister heads delegation at ILC in Geneva

  • Saudi delegation will meet with representatives of other member states and participate in meetings of Gulf Cooperation Council, Asia Pacific and G20 countries

RIYADH: Saudi Arabia’s minister of labor and social development, Ahmad Al-Rajhi, will head the Kingdom’s delegation at a major international gathering in Geneva later this month.
Government, business and worker representatives will be among the Saudi party attending the 108th session of the International Labor Conference (ILC) taking place in the Swiss city from June 10 to 21.
The session will celebrate the centenary of the International Labor Organization (ILO), with the participation of leaders of the UN agency’s 187 member states.
Items for discussion will include the reports of the ILO’s president of the governing council, and its director-general, which will take in a global outlook on the future of labor.
The conference will review the ILO’s programs and budget for approval. It will also study a report on governments’ implementation of labor conventions, and surveys on global social protection, social justice and sustainable development.
The drafting and adoption of the ILO’s declaration for the centenary will be discussed along with other topics and events related to the jobs market, including efforts to end workplace violence and harassment.
On the sidelines of the conference, the Kingdom’s delegation will meet with representatives of other member states and participate in meetings of Gulf Cooperation Council, Asia Pacific and G20 countries.


Saudi Energy Minister calls for collective effort to secure shipping lanes

Updated 5 min 28 sec ago
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Saudi Energy Minister calls for collective effort to secure shipping lanes

  • Khalid Al-Falih: Saudi Arabia will do best to ensure the safety of shipping lanes
  • He expects OPEC members and other oil producers to meet soon to discuss an extension to oil supply cuts

TOKYO: Saudi Arabian Energy Minister Khalid Al-Falih said on Monday that countries need to cooperate on keeping shipping lanes open for oil and other energy supplies after last week’s tanker attacks in the Middle East to ensure stable supplies.

While he did not outline any concrete steps after the attacks that damaged two tankers on June 13, Falih said the kingdom would do everything necessary to ensure safe passage of energy from Saudi Arabia and its allies in the region.

“We’ll protect our own infrastructure, our own territories and we are doing that despite the attempts to target some of our facilities,” Falih told reporters in Tokyo.

“But sea lanes of global trade need to be protected collectively by other powers as well. We believe that’s happening, but we need to make sure the rest of the world pays attention,” he said after a Japan-Saudi investment conference.

Falih expects the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia to meet the week after the G20 summit to be held in Osaka on June 28-29, to discuss an extension of a supply output cut agreement.

OPEC and other producers, an alliance known as OPEC+, have a deal to cut output by 1.2 million barrels per day (bpd) from Jan. 1. The pact ends this month and the group meets in coming weeks to decide their next move.

Falih said that OPEC was moving was toward a consensus on extending the agreement.

He said earlier this month that OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June, although more talks were still needed with non-OPEC countries.

When asked if Russia is going to agree to continue the cuts, Falih said “absolutely.”

“We are maintaining the proper levels of supply that we have been having to bring inventory levels to where they belong. I hope that will continue in the second half with the assurances I have received from all the OPEC+ countries,” he said.

There was full commitment to put in place “a long term framework between the OPEC+ coalition to ensure that we work together” from next year, he said.

Oil demand growth has held up despite trade disputes roiling global markets, Falih said, adding he expects worldwide demand to be above 100 million barrels per day this year.

“We are not seeing a slowdown from either China, the US, India or other developed economies,” Falih said.

“The impact has been more on the sentiment side and fear, rather than actual impact,” he said.