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Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute

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FILE PHOTO – Amazon CEO Jeff Bezos speaks during an address to attendees at Access Intelligence’s SATELLITE 2017 conference in Washington, U.S., March 7, 2017. REUTERS/Joshua Roberts/File Photo

DUBAI (Reuters) – Saudi Arabia had “absolutely nothing to do” with the National Enquirer’s reporting on an extramarital relationship involving Amazon.com Inc Chief Executive Jeff Bezos, the kingdom’s minister of state for foreign affairs said.

Bezos on Thursday accused American Media Inc (AMI), the Enquirer’s owner, of trying to blackmail him with the threat of publishing “intimate photos” he allegedly sent to his girlfriend unless he said in public that the U.S. tabloid’s reporting on him was not politically motivated.

In a blog post, he alluded to Saudi Arabia’s displeasure at the Bezos-owned Washington Post’s coverage of the murder of its columnist and Saudi journalist Jamal Khashoggi.

He also referenced media reports about alleged links between AMI and Saudi Arabia.

“This is something between the two parties, we have nothing to do with it,” Adel al-Jubeir told CBS’ “Face the Nation” when asked if the Saudi government was involved in the Enquirer leaks.

“It sounds to me like a soap opera,” he said in an interview to be aired on Sunday, excerpts of which were posted on CBS’ website. Jubeir said he was not aware of any links between the Saudi government and AMI or its CEO David Pecker.

AMI said on Friday its reporting on Bezos was lawful and it would investigate his claims.

The killing of Khashoggi at the kingdom’s Istanbul consulate last October strained Saudi Arabia’s ties with Western allies, exposed the kingdom to possible sanctions and tarnished the image of de facto ruler Crown Prince Mohammed bin Salman.

Reporting by Nafisa Eltahir in Dubai; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.

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Saudi Arabia signs oil agreement to supply Pakistan: minister

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FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks during a news conference in Riyadh, Saudi Arabia January 9, 2019. REUTERS/Faisal Al Nasser/File Photo

CAIRO (Reuters) – Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs, Saudi Energy Minister Khalid al-Falih said on Sunday on Twitter.

Saudi Crown Prince Mohammed bin Salman arrived in Pakistan on Sunday and said Saudi Arabia has signed investment agreements worth $20 billion during his visit to the country.

Reporting by Hesham Hajali; Editing by Sandra Maler

Our Standards:The Thomson Reuters Trust Principles.

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Indonesian presidential hopefuls vow energy self-sufficiency via palm

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JAKARTA (Reuters) – Indonesia’s two presidential candidates pledged to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fueled by palm oil, to cut costly oil imports by Southeast Asia’s biggest economy.

Indonesia’s presidential candidate Joko Widodo (L) shakes hands with his opponent Prabowo Subianto after the second debate between presidential candidates ahead of the next general election in Jakarta, Indonesia, February 17, 2019. REUTERS/Willy Kurniawan

Indonesia, the world’s biggest palm oil producer, has been pushing for all diesel fuel used in the country to contain biodiesel to boost palm consumption, slash fuel imports, and narrow a yawning current account gap.

In a televised election debate, President Joko Widodo said if he won a second term the government planned to implement a B100 program, referring to fuel made entirely from palm oil, after last year making it mandatory to use biodiesel containing 20 percent bio-content (B20).

“We hope 30 percent of total palm production will go to biofuel. The plan is clear, so we will not rely on imported oil,” Widodo said, adding that Indonesia’s crude palm oil production had reached 46 million tonnes a year.

Agreeing on the importance of bioenergy for self-sufficiency, his opponent Prabowo Subianto said if elected he would also “boost the use of palm oil, palm sugar, cassava and ethanol from sugar (cane)”.

The challenger did not elaborate on his bioenergy plan, but his campaign team has proposed using millions of hectares of degraded land to cultivate palm sugar to produce energy.

Widodo’s government has previously said it would offer incentives for developers of B100, which the net oil importer hopes can replace fuel imports within three years.

Oil imports have contributed to Indonesia’s widening current account deficit and the volatility of the rupiah currency. The government claimed that its biodiesel program would save billions of dollars in diesel fuel imports.

Although retired general Prabowo agreed with Widodo on several points during the debate, he said Indonesia’s “land and water, and the resources within” must be controlled by the government.

“We are of the view that the government must be present in detail, thoroughly, firmly and actively to correct inequalities in wealth,” he said.

The challenger said the proportion of small farmers’ holdings in the country’s palm plantations should also be larger. Smallholders currently account for roughly 40 percent of Indonesia’s 12 million hectares of palm oil plantations.

Farmers currently do not require larger plots of land, but instead, they need a program to boost yield from their current farm, Mansuetus Darto of Palm Farmers Union said.

He added that farmers wanted more clarity on Widodo’s B100 program and have asked to ensure that small holders play a greater role in the biodiesel supply chain.

“This is an important task for Jokowi on how to prevent big palm companies to be the only main suppliers and not farmers,” Darto said, referring to the president’s nickname.

Meanwhile, environmental group Greenpeace criticized both candidates for failing to ensure that the biofuel programs they promised will not cause further erosion of forests, peatlands and mangrove, due to potentially higher demand for palm oil that is mixed with the fuel.

Slideshow (2 Images)

By 2030, the global demand for biofuels would reach 67 million tonnes from the current 10.7 million tonnes, which could potentially result in 4.5 million hectares of deforestation and 2.9 million hectares of mangrove disappearance, Greenpeace said.

Both candidates expressed support for greater control of Indonesian natural resources.

President Widodo highlighted Pertamina’s takeover of stewardship of major oil and gas blocks from foreign operators, and an agreement for a state company to purchase a 51 percent stake in the giant Grasberg copper mine from Freeport McMoRan.

Reporting by Fransiska Nangoy and Tabita Diela,; Additional reporting Bernadette Christina Munthe,; Editing by Ed Davies, Jan Harvey and Sherry Jacob-Phillips

Our Standards:The Thomson Reuters Trust Principles.

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Indonesian presidential hopefuls vow energy self-sufficiency through palm

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JAKARTA (Reuters) – Indonesia’s two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fueled by palm oil, to cut costly oil imports by Southeast Asia’s biggest economy.

Indonesia’s presidential candidate Joko Widodo (L) shakes hands with his opponent Prabowo Subianto after the second debate between presidential candidates ahead of the next general election in Jakarta, Indonesia, February 17, 2019. REUTERS/Willy Kurniawan

Indonesia, the world’s biggest palm oil producer, has been pushing for all diesel fuel used in the country to contain biodiesel to boost palm consumption, slash fuel imports, and narrow a yawning current account gap.

In a televised election debate, President Joko Widodo said if he won a second term the government planned to implement a B100 program, referring to fuel made entirely from palm oil, after last year making it mandatory to use biodiesel containing 20 percent bio-content (B20).

“We hope 30 percent of total palm production will go to biofuel. The plan is clear, so we will not rely on imported oil,” Widodo said, adding that Indonesia’s crude palm oil production had reached 46 million tonnes a year.

Agreeing on the importance of bioenergy for self-sufficiency, his opponent Prabowo Subianto said if elected he would also “boost the use of palm oil, palm sugar, cassava and ethanol from sugar (cane)”.

The challenger did not elaborate on his bioenergy plan, but his campaign team has proposed using millions of hectares of degraded land to cultivate palm sugar to produce energy.

Widodo’s government has previously said it would offer incentives for developers of B100, which the net oil importer hopes can replace fuel imports within three years.

Indonesia’s state energy company PT Pertamina has signed an agreement with Italian oil company Eni to develop a refinery in Indonesia that would produce fuel completely derived from crude palm oil (CPO).

Oil imports have contributed to Indonesia’s widening current account deficit and the volatility of the rupiah currency. The government claimed that its biodiesel program would save billions of dollars in diesel fuel imports.

Although retired general Prabowo agreed with Widodo on several points during the debate, he said Indonesia’s “land and water, and the resources within” must be controlled by the government.

“We are of the view that the government must be present in detail, thoroughly, firmly and actively to correct inequalities in wealth,” he said.

The challenger said the proportion of small farmers’ holdings in the country’s palm plantations should also be larger. Smallholders currently account for roughly 40 percent of Indonesia’s 12 million hectares of palm oil plantations.

Farmers currently do not require larger plots of land, but instead, they need a program to boost yield from their current farm, Mansuetus Darto of Palm Farmers Union said.

He added that farmers wanted more clarity on Widodo’s B100 program and have asked to ensure that small holders play a greater role in the biodiesel supply chain.

Slideshow (2 Images)

“This is an important task for Jokowi on how to prevent big palm companies to be the only main suppliers and not farmers,” Darto said, referring to the president’s nickname.

Both candidates expressed support for greater control of Indonesian natural resources.

President Widodo highlighted Pertamina’s takeover of stewardship of major oil and gas blocks from foreign operators, and an agreement for a state company to purchase a 51 percent stake in the giant Grasberg copper mine from Freeport McMoRan.

Reporting by Fransiska Nangoy and Tabita Diela,; Additional reporting Bernadette Christina Munthe,; Editing by Ed Davies, Jan Harvey and Sherry Jacob-Phillips

Our Standards:The Thomson Reuters Trust Principles.

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