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Al-Falih Signals ‘Wait and See’ Approach to Trump’s Harsher Iran Oil Sanctions
- April 23,2019
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- SUSTG Team
The recent decision by President Trump to end all Iran sanction waivers by May was welcomed in Saudi Arabia, but the Kingdom indicated it would respond cautiously with decisions on oil production. “President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May,” a White House readout […]
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Saudi Aramco to Acquire Stake in South Korean Hyundai Oilbank for $1.2 billion
- April 15,2019
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- SUSTG Team
Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide it with “a dedicated outlet for its crude to South Korea.” The deal was struck between Aramco and Hyundai Heavy Industries Holdings for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to […]
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Trump, Crown Prince Mohammed bin Salman Speak by Phone, White House Says
- April 10,2019
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- SUSTG Team
U.S. President Donald Trump spoke with Saudi Arabia’s Crown Prince Mohammed bin Salman by phone on Tuesday, discussing Riyadh’s role in Middle East stability, maintaining pressure on Iran other issues, according to reports. “President Trump and the Crown Prince discussed regional developments and opportunities to further enhance the American-Saudi partnership on a range of security and economic […]
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King Salman Makes Day Trip to Bahrain, Meets with Bahraini King Hamad Al-Khalifa
- April 3,2019
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- SUSTG Team
Saudi Arabia’s King Salman arrived in Bahrain on Wednesday to discuss bilateral relations and regional developments, according to reports. The visit is the second foreign trip in as many weeks for King Salman, having visited Tunisia for an Arab League summit at the end of March. King Salman was welcomed to the country by the King of Bahrain, […]
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Energy Secretary Rick Perry Confirms KSA One of 16 Countries Approved for Unclassified Civil Nuclear Technology
- March 29,2019
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- SUSTG Team
The Trump administration has approved seven applications for U.S. companies to sell nuclear power technology and assistance to Saudi Arabia, but did not reveal the particular companies or specifics of those authorizations, the Energy Department said Thursday. Energy Secretary Rick Perry told the Senate Armed Services Committee that the seven applications approved were among 37 […]
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Saudi Tourism Officials Eye $20b Investment for Al-Ula, with Roadshow Planned for This Year – Report
- March 21,2019
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- SUSTG Team
A recent report in Reuters revealed Saudi Arabia’s big ambitions for Al-Ula, in the northwestern corner of the kingdom that was a key site for an ancient civilization and is near to the future planned city NEOM. Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor […]
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Saudi Top Buyer of Military Arms as Flow Increases to Middle East
- March 13,2019
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- SUSTG Team
Saudi Arabia became the world’s largest arms importer between 2014–18, with an increase of 192 per cent compared with 2009–13, according to a new annual report published by the Stockholm International Peace Research Institute (SIPRI). The report also noted that U.S. and other Western weapons sales “are in high demand” in the Middle East, edging out Russia and […]
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Saudi Society Debates Keeping Shops Open during Prayer Times ahead of Shoura Consideration
- March 4,2019
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- SUSTG Team
A debate is raging on social media in Saudi Arabia about whether the Kingdom should continue to require by law the closing down of all shops, malls, restaurants, gas stations, and even hospitals during the call for adhan (Islamic prayer) and throughout prayer time, according to media reports. According to Gulf News, Yahya Al Samaan, assistant president of […]
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Crown Prince Mohammed bin Salman Meets with Xi Jinping in Beijing, Tours Great Wall
- February 22,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman continued his tour of Asian nations with a second day in China, where he met with Chinese President Xi Jinping and the two countries inked over $28 billion in deals, according to reports. In his meeting with President Xi Jinping, the Chinese leader urged joint efforts to counter extremism and […]
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Jadwa Investment Forecasts ‘Continued Improvement in the Health and Direction of the Saudi Economy’
- February 15,2019
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- SUSTG Team
In a research report on the year ahead for the Saudi economy, Jadwa Investment said 2019 will be “marked by a continued improvement in the health and direction of the Saudi economy.” “During 2019, we expect to see a consolidation of efforts in striving towards the goals of the Vision 2030, as well as the targets […]
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With U.S. Backing, Iraq Pushes for Energy Rapprochement With Saudis
The Trump administration is urging Iraq to proceed with a project to connect its power grid with Saudi Arabia and other Gulf states, among steps to reduce Baghdad’s longstanding dependency on Iranian energy, U.S. and Arab officials said. The grid-connection venture has been the subject of intensive consultations in recent months and was discussed during Iraqi Prime Minister Mustafa al-Kadhimi’s visit to Washington last week.
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Iran announces locally made ballistic and cruise missiles amid U.S. tensions
Iran displayed a surface-to-surface ballistic missile on Thursday that Defence Minister Amir Hatami said had a range of 1,400 kilometres and a new cruise missile, ignoring U.S. demands that Tehran halt its missile programme.
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Reported Loss Of Two U.S. MQ-9 Reapers In Syria Raises Troubling Questions
Military Times today quotes a defense official reporting that two U.S. drones were lost over Syria following a collision on Tuesday. Unconfirmed pictures from the event indicate that at least one was an MQ-9 Reaper, an expensive, top-end drone used by the U.S. Air Force and CIA for strikes against insurgents. Military site TheDrive reports that two Reapers were lost in the incident.
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U.S. Seizes Iranian Fuel Cargo for First Time
The Trump administration has for the first time confiscated cargo in vessels allegedly loaded with Iran fuel in violation of sanctions, U.S. officials said, as it steps up its campaign of maximum pressure against Tehran.
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U.S. military accuses Iranian forces of boarding Liberian-flagged civilian ship
A U.S. official, speaking on the condition of anonymity, said the incident took place near the Strait of Hormuz and the ship was eventually released by Iranian forces. The official said the United States military was not involved in anything other than monitoring the situation.
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Oil companies start to take back crude from U.S. emergency reserve
Energy companies have begun taking back millions of barrels of oil from the U.S. government’s emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.
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Oil and OPEC: Shale Job Losses Accelerate in U.S. as Virus Curbs Energy Demand
The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses, the industry-funded trade group said in a report released Monday. That pushed the industry’s total job casualties since the pandemic emerged to 99,253. Texas, Louisiana, Oklahoma, Colorado and New Mexico were the hardest-hit regions for oilfield job cuts, according to the report, which crunched U.S. Bureau of Labor Statistics data with help from the University of Houston’s Hobby School of Public Affairs. Oilfield employment in American fields hasn’t been this low since March 2017.
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U.S. senators want to block drone sales to Saudis
It would amend the Arms Export Control Act to prohibit the export, transfer or trade of many advanced drones except to NATO members, Australia, New Zealand, South Korea, Japan and Israel, they said in a news release.
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U.S. Relations With Iran, 1953–2020
Onetime allies, the United States and Iran have seen tensions escalate repeatedly in the four decades since the Islamic Revolution.
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U.S. Examines Whether Saudi Nuclear Program Could Lead to Bomb Effort
American intelligence agencies are scrutinizing efforts by Saudi Arabia to build up its ability to produce nuclear fuel that could put the kingdom on a path to developing nuclear weapons. Spy agencies in recent weeks circulated a classified analysis about the efforts underway inside Saudi Arabia, working with China, to build industrial capacity to produce nuclear fuel. The analysis has raised alarms that there might be secret Saudi-Chinese efforts to process raw uranium into a form that could later be enriched into weapons fuel, according to American officials.
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