Saudi-Ukrainian Antonov aircraft attracts armed forces at Dubai Airshow

Saudi-Ukrainian Antonov AN-132 aircraft on display at the Dubai Airshow 2017.
Updated 13 November 2017

Saudi-Ukrainian Antonov aircraft attracts armed forces at Dubai Airshow

DUBAI: The Dubai Airshow 2017 features the official appearance of the Antonov (AN-132) aircraft, which was manufactured and developed by the King Abdul Aziz City for Science and Technology (KACST), the Taqnia Aeronautics Co. and Ukraine’s Antonov.
The aircraft is among 160 of the latest commercial, business and military aircrafts.
The airshow was opened by Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai, on Sunday.
Saudi Deputy Defense Minister Lt. Gen. Mohammed Abdullah Al-Ayash visited the Saudi-Ukrainian Antonov AN-132 aircraft and was briefed on its participation at the airshow by Mohammed Ayesh, director of transport aircraft management at Taqnia.
The participation of this aircraft in the show is an important step to help promote the aircraft locally, regionally and globally.
The Antonov AN-132 is used in military transport including individuals and equipment, as well as the transfer of electronic warfare equipment and limited aerial sniping.
The Saudi-Ukrainian aircraft, with its multiple functions and light weight, has the capacity to fly 28,000 feet with a load of 9.2 tons and a distance of at least 2,200 km. It can travel more than 4,500 km without a load and at a speed of 550 km per hour.
This is the second participation of the Antonov aircraft at an air show: it participated in Paris Airshow 2017.
Several branches of the armed forces in some countries expressed their interest in more information about the aircraft for purchasing purposes.
The Dubai Airshow 2017, which is being held at Dubai World Central, is one of the world’s major aviation fairs. It serves as a platform for new trends and discussions of issues that will help develop the aviation industry in the Middle East.
It hosts 1,200 exhibitors specialized in civil and military aviation.


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 56 min 17 sec ago

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.