UAE minister believes oil market is "fairly well supplied"July 19, 2012 - 16:30 AMT PanARMENIAN.Net - The United Arab Emirates' Energy Minister says he believes the oil market is "fairly well supplied" for now. Mohammed bin Dhaen al-Hamli also told reporters Thursday, July 19 that the UAE is satisfied with current oil prices. His comments suggest that OPEC's third-largest oil exporter does not see a need for urgent adjustments to oil output. He spoke on the sidelines of an event to announce an upcoming energy conference in Dubai, the Associated Press reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |