Article: Exxon Mobil to Lead Natural Gas Project in Saudi Arabia.

By Dianne Solis, The Dallas Morning News Knight Ridder/Tribune Business News

Jun. 4--Nearly three years ago, Saudi Arabia's Crown Prince Abdullah bin Abdul-Aziz invited a small group of oilmen to a mysterious tea at the ambassador's residence in McLean, Va. Now Exxon Mobil Corp., whose executives attended the Saudi event, are reaping the coveted rewards.

On Sunday, Irving-based Exxon Mobil said Saudi Arabia had selected it as the project leader for the second of three core natural gas ventures, with a combined value of $25 billion. The moves mark the first major foreign investment in the Saudi Arabian energy sector since the industry was nationalized ...

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