Saudi Arabia controls a 10% of global oil production. They are the world’s biggest oil exporter with sales of $356 billion last year. China is the world’s biggest importer of oil. The annual value of global oil output is currently $2.5 trillion. If Saudi Arabia and OPEC were willing to accept China’s petroyuan contracts that …
Google Earth Satellite images show that Saudi Arabia is within months of completing an experimental nuclear reactor. Saudi Arabia is working with Argentina on the experimental reactors. In March 2015, INVAP (Investigacion Aplicada) from Argentina and state-owned Saudi technology innovation company Taqnia set up a joint venture company, Invania, to develop nuclear technology for Saudi …
Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is trying to clear the oil markets of extra oil inventories and over-production. There is weakening …
The United States passed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s (Energy Information Administration). EIA expects that U.S. crude oil production will continue to exceed Russian and Saudi Arabian crude oil production for the remaining months of 2018 and through 2019. …
Saudi Arabia wants its Public Investment Fund (PIF) to control more than $2 trillion by 2030 so that it can be used to support transition from oil. Saudi Arabia wants to diversify its the economy away from oil, under a plan known as Vision 2030. Saudi Arabia has tried and mostly failed to diversify its …
The Iranian nuclear program is spread across dozens of sites over an area that is bigger than France, Germany and Spain combined and located 1,000 miles away from Israel. Israel could and did use military strikes to take single facilities in Syria and Iraq to delay their nuclear programs. An effective Israeli attack would require …
The Saudi Prince Mohammed bin Salman has made many statements in a recent interview that indicate a solid alliance with Israel and Egypt versus Iran. The Saudi prince said * the Palestinians and the Israelis have the right to have their own land. * Iran’s supreme leader, Ayatollah Khamenei, is worse than Hitler. Hitler tried …
Saudi Arabia’s crown prince, Mohammed Bin Salman, has signed a memorandum of understanding with Softbank to build 200 GW of solar power by 2030 at a cost of $200 billion. China had built 125 GW of solar power by the end of 2017 and had build 48 GW of solar power in 2017. By the …
Various reports from BBC News in 2013 and 2015, indicated that Saudi Arabia had invested in Pakistaninuclear weapons projects and believes it could obtain nuclear bombs at will. Intelligence reports indicated taht nuclear weapons made in Pakistan on behalf of Saudi Arabia were being held on their behalf and sitting ready for delivery. A CBS …
Jeddah Tower (previously known as Kingdom Tower, is being built in Jeddah, Saudi Arabia, at a cost of SR4.6 billion (US$1.23 billion). It is on track for completion in 2020 as planned and will be over one kilometer in height. As of 25 January 2018, 60 floors have been completed, and the central core containing …
