Transition sans Assad stressed

Updated 22 April 2016

Transition sans Assad stressed

RIYADH: The GCC and the US said on Thursday there was a need to remain vigilant about Iran’s destabilizing actions in the Gulf region, including its ballistic missile program, and support for terrorist groups such as Hezbollah and extremist proxies in Syria, Yemen and Lebanon.
The GCC leaders and US President Barack Obama, who convened here for the 2nd GCC-US summit, also reiterated support for the Joint Comprehensive Plan of Action on Iran, noting that successful implementation of the plan has stopped Tehran’s attempt to develop nuclear weapons.
In a joint communiqué, they expressed solidarity with the Syrian people and emphasized the importance of the full implementation of UN Security Council Resolution 2254, to include immediate humanitarian access to besieged and hard-to-reach areas and the release of any arbitrarily detained persons.
They reaffirmed the need for a political transition without Bashar Assad that preserves state institutions and sustains renewed focus on the fight against Daesh.

They pledged to increase cooperation on all fronts to resolve regional conflicts, intensify information sharing on Iran, boost marine security cooperation and implement an integrated ballistic missile defense and early warning system.
They also expressed concern over the plight of refugees and internally displaced people and welcomed plans by the US to convene a high-level Summit on Refugees in September 2016. Ahead of that summit, they underscored the need to provide additional assistance for refugees.
The leaders said that they wanted to see the conflict in Iraq resolved with inclusive governance and reconciliation among all Iraqis including by urgently addressing the legitimate grievances of all components of Iraqi society through reforms.
They further pledged to intensify support for Iraqi measures to defeat Daesh and called for intensified efforts to stabilize territory liberated and deliver additional aid to Iraq’s refugees.
The leaders welcomed the cessation of hostilities in Yemen, pledged to support it and urged all Yemeni parties to also abide by it. They expressed continued support for UN special envoy Ismail Ould Cheikh Ahmed’s work and emphasized the importance of achieving progress in talks convening in Kuwait, to achieve a political solution according to United Nations resolution 2216 (2015) and the GCC initiative.
The GCC countries and the US also underscored the need to resolve the Israeli-Palestinian conflict based on a just, lasting, comprehensive peace agreement that results in a sovereign and contiguous Palestinian state living side-by-side in peace and security with Israel.
While reviewing the substantial progress made since the first GCC-US summit in May 2015 at Camp David, the leaders, recognizing the region’s challenges, also committed to urgently undertake additional steps and intensify the campaign to defeat Daesh and de-escalate and resolve regional conflicts.
To build on this progress, the leaders reaffirmed support for the common principles decided at Camp David including a shared recognition that there is no military solution to the region’s armed civil conflicts, which can only be resolved through political means, respect for all states’ sovereignty and non-interference in their internal affairs.
The summit underscored the importance of strengthening the GCC capacity to address external and internal threats noting the US policy to use all elements of its power to secure its core interests in the Gulf region and to deter and confront external aggression against its allies and partners, as it did during the Gulf War.
The leaders were briefed on GCC-US training exercises, announcing the two sides would immediately begin planning for a combined military exercise in March 2017 to showcase the full range of GCC-US security capabilities.
GCC countries endorsed quick implementation of a new initiative to train specially designated Special Operations Forces (SOF) units from each GCC country in order to bolster inter-operable counter terrorism capabilities.
Moreover, the US expressed its readiness to support GCC efforts to diversify their economies, provide more effective governance and adapt to economic challenges posed by low oil prices and changing demographics.
To that end, GCC countries endorsed a US proposal to inaugurate a ministerial-level GCC-US economic dialogue this year, to supplement the activities undertaken under the GCC-US framework agreement on economic, trade, investment and technical cooperation of 2012.
The GCC-US leaders also committed to continue coordinating closely on issues of mutual concern including through meetings of GCC and US foreign and defense ministers and support for an annual leader-level summit.


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 9 min 1 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.