Watching Government: Post-conflict

Escalating Middle East tensions are not tempering industry interest in the region, especially in Saudi Arabia and Iraq where the potential for profit is high.Near term, a $25 billion Saudi gas initiative remains on track despite 3 years of bumpy negotiations between the Saudi Arabian government and industry.Seven foreign companies, most US-based, want to invest in three Saudi-designated "core" ventures that will direct new gas exploration and production into downstream petrochemical, power, and water projects.ExxonMobil Corp. is slated to oversee Core Venture One (CV1) in South Ghawar field and Core Venture Two (CV2) at the Red Sea. Other partners include Royal Dutch/ Shell Group, BP PLC,...

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