Watching Government: Starting over

Saudi Crown Prince Abdullah's quest to dramatically expand foreign investment in his country through a $25 billion natural gas development plan will not move forward in its present form. But multinationals still are expected to play a pivotal role in advancing the kingdom's domestic energy agenda, although perhaps not on the grand scale envisioned 5 years ago.Abdullah's ambitious plan was to give foreign companies, most US-based, access to the country's vast natural gas fields if they also took a stake in Saudi petrochemical, power, and water projects. Lucrative oil tracts were off limits, but foreign companies were drawn to the prince's "Saudi Gas Initiative" anyway. ...

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