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Recent stories from sustg
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Saudi, Iran Row Over 2016 Hajj Heats Up
- May 31,2016
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- SUSTG Team
Iran says it will not allow its pilgrims to attend the Hajj this year following weeks of talks with Saudi Arabia, according to reports. According to Saudi Arabia’s Foreign Minister, Adel Al-Jubeir, Saudi Arabia would not acquiesce to “unacceptable” demands. Al-Jubeir commented that, “Iran refused to sign the memorandum and was practically demanding the right to hold […]
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Comprehensive Document Outlining Saudi Arabia’s Counterterrorism Strategy, Successes Released
- May 26,2016
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- Lucien Zeigler
The Embassy of Saudi Arabia in Washington has distributed a comprehensive document outlining the Kingdom’s efforts to fight terrorism. The detailed publication was distributed to Congress as debate regarding the September 11, 2001 terrorist attacks heat up following the recent unanimous Senate vote to pass the Justice Against Sponsors of Terrorism Act (JASTA) bill. The Kingdom […]
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Senate Passes JASTA Despite Stiff Opposition from White House, Saudi Leaders
- May 18,2016
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- SUSTG Team
The Senate on Tuesday passed H.R.3815, also known as the Justice Against Sponsors of Terrorism Act (JASTA), a bill that would allow the families of victims of the Sept. 11, 2001, attacks to sue Saudi Arabia over its alleged support for terrorism, despite stiff opposition from the White House and Saudi leaders. This is the second time […]
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Responding to Bloomberg Freedom of Information Act Request, U.S. Treasury Reveals How Much U.S. Debt is Held by Saudi Arabia
- May 17,2016
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- SUSTG Team
The U.S. Treasury Department revealed for the first time ever how much debt Saudi Arabia is holding, breaking an unusual and longstanding policy of secrecy regarding how much the Kingdom holds. Saudi Arabia held $116.8 billion in U.S. debt at the end of March. That is down 6% from its highest level in January 2016. Bloomberg first reported the […]
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Saudi General’s New Warning on Yemen’s Capital Underscores Importance of Latest U.N.-Backed Peace Talks
- May 12,2016
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- SUSTG Team
The Saudi-led coalition will fight to regain Yemen’s capital city from Houthi rebels if current peace talks backed by the United Nations collapse, according to Saudi Arabia’s Brigadier General Ahmed Asseri, who has been the official spokesman for the Saudi military during the conflict. The threat underscores the importance to Saudi Arabia of bringing a lasting solution to […]
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Graphic: Saudi Arabia Reshuffles Government Leaders, Modifies Ministries
- May 9,2016
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- SUSTG Team
Saudi Arabia’s King Salman issued a Royal Order on Saturday, May 7th, 2016 making changes to the government structure and key leaders. The Royal Order follows the recently released ‘Vision 2030’ economic and development plan to transform the Saudi economy and society into the 21st Century. The full text of the changes as issued by […]
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The 13 ‘Programs’ in Saudi Arabia’s Vision 2030
- April 27,2016
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- Lucien Zeigler and Richard Wilson
Saudi Arabia’s Vision 2030 document, released on Monday April 25th, provides an ambitious roadmap for significant changes to the Kingdom’s economy and society over the next 15 years. The document highlights three general themes: a “vibrant society“, a “thriving economy“, and an “ambitious nation,” under which the document makes commitments to achieve progress on both […]
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Graphic: Visualizing the Themes in Saudi Arabia’s ‘Vision 2030’ Roadmap
- April 26,2016
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- SUSTG Team
Saudi Arabia’s recently released ‘Vision 2030’ provides the framework of ambitious plans to transform the Kingdom’s economy and society. Additional details – especially in regard to the economy-focused National Transformation Program – will be released over the next 4-6 weeks. Drafted by the Council of Economic and Development Affairs on instructions from King Salman, the just-released document provides […]
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President Obama, King Salman Attend GCC Summit in Riyadh; Pledge to build on ‘Deep Strategic Partnership’
- April 21,2016
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- Lucien Zeigler and Richard Wilson
President Obama and King Salman attended the summit of the Gulf Cooperation Council (GCC) members in Riyadh, Saudi Arabia today at the Al-Diriyah Palace. The White House on Wednesday called the summit “an important opportunity for the United States and its Gulf partners to strengthen cooperation against [the Islamic State group] and also to address regional […]
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Muted Reception for President Obama in Riyadh Belies Strong U.S.-Saudi Cooperation on Security, Economy
- April 20,2016
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- Lucien Zeigler
President Obama arrived in Riyadh today to a chilly official reception from Saudi Arabia indicative of strained ties between his administration and the Kingdom. While King Salman welcomed the other heads of state of the visiting GCC leaders with “pomp and circumstance,” President Obama deplaned Air Force One and was met by the governor of Riyadh […]
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MUST-READS
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Saudi AramcoSaudi Aramco said to be in talks for $10bn loan
One of the sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
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Aramco and Natural GasSaudi Aramco Explores Red Sea for Gas With Magseis Seismic Study
Saudi Arabia is seeking to boost gas output to supply power plants and petrochemical facilities. The company, which found gas deposits in the Red Sea in 2012, plans to more than double investment in unconventional sources of the fuel, which are harder to find and extract than more typical deposits, CEO Khalid Al-Falih said Jan. 28.
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Oil ProductsS Korea’s S-Oil inks products supply deal with Saudi Aramco
South Korean refiner S-Oil has entered into an agreement with Saudi Aramco's trading unit to supply up to 28 million barrels of refined oil products in 2015 as part of its strategy to diversify exports amid rising competition and falling demand in its traditional markets.
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Red Sea ExplorationSaudi Aramco Suspends Deepwater Drilling In The Red Sea
A second source told Reuters that Red Sea deepwater exploration had been delayed because of several reasons- including environmental issues, high costs and the need for additional evaluations to minimize risks. Another source said, "One of the most expensive offshore (areas) happens to be in the Red Sea - the depth is different from the Gulf coast. They did discover a lot of oil and gas but they need to do lots of tests. Now with the current prices, they have put it on hold until further notice to collect more data."
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Saudi Oil PolicySaudi Aramco to renegotiate some contracts on low oil price -CEO
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday, stressing the top crude exporter will not single handedly balance the global oil market.
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Aramco and Natural GasSaudi’s Aramco Plans Natural Gas Production Near Jordan
Aramco is exploring for gas where deposits are more difficult to access than at oil fields. The deposits include the Midyan gas field in the northwest of the country, the Empty Quarter desert in the south, and sites near Ghawar, the world’s largest oil field located close to the Persian Gulf coast.
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AramcoSaudi Aramco to cut drilling costs, hold rig count steady
State oil giant Saudi Aramco has asked oilfield service companies for discounts due to tumbling crude prices and is expected to keep its overall rig count steady this year, industry sources said on Tuesday.
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AramcoIn annual year-end letter to employees, Saudi Aramco says it is ‘focused on long-term strategic vision’
Saudi Aramco’s CEO Khalid Al-Falih has said that 2014 was a year of accomplishments for his company.
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Saudi Aramco ProjectsSaudi Aramco said to suspend $2bn clean fuels project
The Ras Tanura clean fuels project, including a naphtha hydrotreater, was to be part of a second phase of upgrades to Aramco's refineries, and was originally due to go on stream in 2016.
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Aramco-ExxonSaudi Aramco-ExxonMobil refining joint venture completes desulphurisation project
The SAMREF partnership, which is celebrating 30 years of joint refining operations, demonstrates the long-term collaboration and progress towards meeting the energy needs of Saudi Arabia’s growing economy.
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