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Middle East

Turkey Finds Energy in Black Sea as Erdogan Vows a New Era

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Turkish President Recep Tayyip Erdogan

Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and depth of the find, nor how difficult it will be to extract.

The Fatih drilling ship located the deposit in the so-called Tuna-1 field, Erdogan said Friday in a much-trailed press conference in his Istanbul palace. Exploration is continuing in other fields, he said.

The lira reversed earlier gains against the dollar after the announcement. It was down 0.3 per cent as of 3:42 p.m. in Istanbul. The Borsa Istanbul 100 index also gave up gains and fell as much as 1.8 per cent, possibly reflecting disappointment over the size of the find.

Turkey Finds Energy in Black Sea as Erdogan Vows a New EraTurkey bought three drilling ships in recent years as it dramatically expanded energy exploration in the Black Sea and contested waters of the eastern Mediterranean. It’s keen to find sizable energy reserves to ease its heavy reliance on imports from Iran, Iraq and Russia, and support one of the biggest economies in the Middle East.

The Fatih has been drilling to a depth of 3,500 to 4,000 meters (11,500 to 13,000 feet), Energy Minister Fatih Donmez said last month. TPAO, however, has no experience in deep-sea gas production and would likely need to enlist a major oil company to exploit a field. With oil and gas prices having slumped, the economics of developing such a find may be less attractive than in the past.Tuna-1, some 150 kilometers from Turkey’s coast, is close to an area where maritime borders of Bulgaria and Romania converge and not far from Romania’s Neptun block, the largest gas find in the Black Sea in decades discovered eight years ago by Petrom and Exxon.

Romania has shallow-water gas projects, but a major deep-water find by eight years ago has still to be exploited. A company backed by the Carlyle Group is also exploring off Romania, aiming to get gas in 2021. Rosneft has explored in the Russian part of the Black Sea but without concrete results.Turkey is mired in territorial disputes with Greece and Cyprus in the eastern Mediterranean as it searches for oil and gas in contested waters. France has temporarily increased its military presence to ward off Turkish steps, and German Chancellor Angela Merkel on Wednesday said the EU was concerned over the increased tensions.

Erdogan said he also expects “good news” from exploration activities in the eastern Mediterranean.

Middle East

Turkish Court Jails 27 For Life Over 2016 Coup Attempt

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Turkish President Recep Tayyip Erdogan

A Turkish court on Thursday jailed 27 former pilots and other suspects for life in one of the largest trials stemming from the bloody 2016 coup attempt against President Recep Tayyip Erdogan.

They were convicted of crimes including murder, trying to overthrow the constitutional order and attempting to assassinate the president, an AFP reporter in the courtroom said.

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Health

Saudi Arabia to make COVID-19 vaccine free for citizens and residents

As per Gulf News, Dr Asiri told Al Ekhbariya that Saudi Arabia will receive vaccines through COVAX facility as well as through companies outside of the consortium.

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Saudi King Salman

Abu Dhabi: Saudi Arabia’s Health Ministry on Monday announced that it would make the coronavirus vaccine available for free to all citizens and residents.

“Those who have not tested positive for COVID-19 will be given priority in the vaccine campaign in the coming months,” said Dr Abdullah Asiri, the assistant undersecretary at the ministry.

He, however, added that those below 16 years of age will not be vaccinated unless research proves otherwise.

As per Gulf News, Dr Asiri told Al Ekhbariya that Saudi Arabia will receive vaccines through COVAX facility as well as through companies outside of the consortium.

“The Kingdom worked on two paths to obtain the vaccine, through the COVAX organisation, which the G20 had a role in creating and financing…Saudi Arabia will obtain a large number of vaccines through this facility, while the second track is directly contracting with the big companies to cover the gap that cannot be covered through COVAX,” Arab News mentioned Asiri as saying.

According to the World Health Organization, “the COVAX facility forms a key part of the COVAX pillar (COVAX) of the Access to COVID-19 Tools (ACT) Accelerator, a ground-breaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines.”

The Saudi Health Ministry further expected that by the end of next year, the vaccines would cover 70 per cent of the Kingdom’s population.

“One of the most important goals set by the G20 during Saudi Arabia’s G20 presidency is to support all-inclusive and equitable access to vaccines, diagnostic and treatment tools,” said Dr Abdullah Asiri.

Dr Asiri added that a comprehensive plan for vaccine distribution will be ready “in the coming weeks”.

During the two-day G20 summit hosted virtually in Riyadh, Dr Abdullah Al Rabeeah, the supervisor general of the King Salman Humanitarian Aid and Relief Centre, on Friday said that his country would be among the first ones to get hold of a COVID-19 vaccine.

Dr Al Rabeeah added that Saudi Arabia has spent over USD 200 million on COVID-19 vaccine and drug development.

Saudi King Salman bin Abdulaziz had in March also ordered free coronavirus treatment for all citizens.

Meanwhile, WHO director-general Tedros Adhanom Ghebreyesus on Monday announced: “There is now real hope that vaccines, in combination with other tried and tested public health measures, will help to end the pandemic.”

His remarks came after drugmaker AstraZeneca announced that its COVID-19 vaccine was up to 90 per cent effective. With this, AstraZeneca has become the third major drug company after Pfizer and Moderna to have reported late-stage data for a potential COVID-19 vaccine.

“The significance of this scientific achievement cannot be overstated. No vaccines in history have been developed as rapidly as these. The scientific community has set a new standard for vaccine development,” added Tedros.

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India

India To Host G20 Summit In 2023: Grouping’s Declaration

India looks forward to taking forward the G20 agenda in 2023 after the Italian and Indonesian presidencies, the source said.

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g20 summit

G20 leaders announced on Sunday that India will host the summit of the high-profile grouping in 2023 — a year later than what was decided earlier.

India was earlier slated to host the summit in 2022 with the Osaka declaration of the G20 stating last year that “we look forward to meeting again in Saudi Arabia in 2020, in Italy in 2021 and in India in 2022”.

“We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024,” the G20 Riyadh Summit Leaders Declaration said.

On India now hosting the summit in 2023, a source said, “The order of the rotating presidency is decided among member states on the basis of consultations and mutual convenience.”

India looks forward to taking forward the G20 agenda in 2023 after the Italian and Indonesian presidencies, the source said.

In a statement on the summit, the Ministry of External Affairs said it was decided that the G20 presidency will be held by Indonesia in 2022, India in 2023 and Brazil in 2024.

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