Word: saudi
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...believe it could serve a broader strategic goal. They see the primary divide in the Middle East as being between the forces of moderation and those of extremism. The rise of Iran and its extremist clients has created a potential alliance among moderate Palestinians, Israelis and the leaders of Saudi Arabia, Egypt, Jordan and the gulf states. "There is a growing understanding among the Israelis, Palestinians and the moderate Arab nations that the real threat is Iran and the radicalism it supports, so it's in all of their interest to work now for a comprehensive solution," says Israel...
...order to create this concert of moderate forces in the Middle East, Rice wants her new Israeli-Palestinian peace process to be done under the auspices of the Saudi proposals of 2002, which suggested that moderate Arab nations would establish relations with Israel as part of a two-state solution. Those countries could also serve as guarantors, custodians and funders if a peace agreement is reached...
...South America--more time than George W. Bush had spent on the continent in four years--and pledged billions of dollars in investments in Argentina, Brazil, Chile and Cuba. While Wen Jiabao, China's Premier, was visiting 15 countries last year, Hu spent time in the U.S., Russia, Saudi Arabia, Morocco, Nigeria and Kenya. In a three-week period toward the end of 2006, he played host to leaders from 48 African countries in Beijing, went to Vietnam for the annual Asia-Pacific Economic Cooperation summit, slipped over to Laos for a day and then popped...
...last weekend brought howls from some groups that believe Iraq's government is offering big oil companies overly generous production-sharing deals, which it could regret when the war finally ends. The alternative would be heavy state control, along the lines of the two oil giants that border Iraq, Saudi Arabia and Iran. "What we are looking at is Iraq signing deals for next 20 years at a time when it is extremely weak and not fully sovereign," says Greg Muttitt, co-director of Platform, a watchdog organization in London that monitors the oil and gas industries...
...Whichever companies arrive, their finds could be massive. The country sits atop about 115 billion barrels of oil reserves - the fourth largest in the world after Saudi Arabia, Canada and Iran - and about 110 trillion cubic feet of natural gas. What is more, much of the oil is relatively easy to reach and cheap to pipe out. There is a catch, however: the infrastructure is in dire shape. Even before this war, rigs and wells had lain rotting for years, since the crippling war with Iran in the 1980s sapped the economy and international sanctions in the 1990s left Iraq...