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Article: The rise and fall of Saudi Arabia's great gas initiative. (Saudi Arabia).(Cover Story)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- June 27, 2003
- Author:
CopyrightCOPYRIGHT 2003 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Saudi natural gas initiative was one of the boldest ideas developed to boost growth and investment in Saudi Arabia. Edmund O'Sullivan examines how it came to life and why it may well have lost its fight for life.
The signing of the agreement for Saudi Arabia's triple-headed gas initiative by the heads of eight international oil companies (IOCs) in Jeddah in June 2001 was a relaxed and happy affair. Hope was high that an important page had been turned in relations between the kingdom and the world oil industry
How things change. Almost two years to the day later, on5 June, Saudi Arabia's Petroleum & Minerals Minister Ali Naimi dispatched a letter to ...