Kingdom, Russia to Expand Oil Cooperation

[QuietStorm]

JEDDAH, 14 August 2003 — Oil giants Saudi Arabia and Russia will sign a landmark energy accord early next month to strengthen cooperation in the petroleum and gas sectors, Asharq Al-Awsat reported yesterday.

“This agreement between the world’s largest exporters of oil is significant as this is the first time such an accord is being signed between them,” a Russian Energy Ministry official told the Arabic daily.

“There will be no specific deal as the agreement aims at strengthening cooperation between the two countries,” he added.

The Saudi Cabinet last week gave the go-ahead for the accord, which is likely to be signed during Crown Prince Abdullah’s upcoming visit to Moscow. The Cabinet meeting, chaired by Custodian of the Two Holy Mosques King Fahd, authorized Petroleum and Mineral Resources Minister Ali Al-Naimi to sign the agreement.

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[bemildred]

1. Another triumph for Bushonian foreign policy.

[QuietStorm]

3. a triumph?

well if the US strategists ARE trying to break OPEC doesn't russia getting into the act complicate things (especially considering the articles that I have read with russia collaborating on Iran's nuclear weapons program). I base this on a merip article I read which states that Saudi Arabia and Iran are also working on a similar alliance in their effort to strengthen OPEC.

Have you read that MERIP article?

[bemildred]

4. That was sarcasm, my friend.

They have put OPEC in the driver seat, while intending
to do the opposite. Par for the course for Mr. Bush.

[QuietStorm]

5. That is what I thought

more potential for cold war to heat up and factor into this as well. I thought it might have been sarcasm on your part.

[QuietStorm]

7. LOL

>>They have put OPEC in the driver seat, while intending...<<

I mean they really are so so arrogant to have thought all of the world thought america so benevolent the sea would part. Russia could certainly be carrying quite the grudge (afghan war) and want to partake of the American Empires fall and by their own strategies.

[lindashaw]

2. So much for that nice little photo-op of GWB and Putin at Crawford.

[QuietStorm]

6. putin

also talking out of bothsides of his mouth: don't listen to what we say - watch what we do.