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...production projects - mandating that his state-run company, Petroleos de Venezuela (PDVSA), have at least 60% ownership from here on out - he's at least allowing those private multinationals to continue taking part in the drilling. Not so, for example, in Mexico or the world's largest oil producer, Saudi Arabia. Washington touts those two countries as model energy allies, despite the fact that for more than half a century their national oil companies have barred U.S. and other foreign oil businesses from production ventures...

Author: /time Magazine | Title: Chavez's Not-So-Radical Oil Move | 5/1/2007 | See Source »

...Iranians will bring complaints of their own to Sharm el-Sheikh, and insist that Iraq's security crisis can't be resolved while U.S. forces remain in the country. If Rice is hoping that influential Arab moderates will echo the U.S. position, she may be disappointed. Saudi Arabia's King Abdullah, who earlier this year denounced the U.S. occupation of Iraq as "illegitimate," recently turned down a request from Iraq's Prime Minister Nouri al-Maliki to meet in Saudi Arabia before the Sharm conference. "The Saudi king's schedule was not suitable for the timing," Iraqi foreign minister Hoshyar...

Author: /time Magazine | Title: How the U.S. Plans to Tackle Iran | 4/30/2007 | See Source »

...that give [the White House], you know, four days after 9/11, we give [them] the war plan on Afghanistan. Here are the guys that do A. Q Khan. Here are the guys that do Libya. Here are the guys who [the White House] sends to see the [Saudi] Crown Prince anytime there's a problem. And now what you've done is, you know, it's all going to shit. It's not particularly good, so now we're going to justify this by saying - I have to tell you, it's just enormously, you know, you live with...

Author: /time Magazine | Title: George Tenet | 4/29/2007 | See Source »

...cells even planned to overthrow Saudi King Abdullah bin Abdulaziz Al Saudi and replace him with an al-Qaeda leader. The Interior Ministry said that a collection of cells consisting of 61 members had duped a large number of people out of "huge amounts of money" in raising funds for its operations, including the training of suicide pilots outside the country. The ministry said that the leader of the group, who was not identified, received baya, or allegiance as an Islamic authority, from its members in a secret ceremony at the Kaaba in Mecca, Islam's holiest site...

Author: /time Magazine | Title: The Saudi Arrests: How Big a Plot? | 4/27/2007 | See Source »

...last time that happened was in 1979, when as many as 1,500 Muslim militants led by Juhayman al-Otaibi seized the Grand Mosque in Mecca in a bid to overthrow the Saudi monarchy. Security forces crushed Juhayman's revolt. Nearly three decades later, however, the fire Juhayman started has not yet been extinguished...

Author: /time Magazine | Title: The Saudi Arrests: How Big a Plot? | 4/27/2007 | See Source »

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