13 Burst results for "Arabian American Oil Company"

"arabian american oil company" Discussed on This Day in History Class

This Day in History Class

04:34 min | 11 months ago

"arabian american oil company" Discussed on This Day in History Class

"Radio and Wet Stone magazine comes point of origin. Podcast dedicated to exploring back connection. We traveled the globe to connect with immersed in different food ways from Korea to Norway from Nigeria to Appalachian Mountains and beyond buying point of origin. Season two on the iheartradio APP. Or wherever you listen to podcasts. This Day in history class is a production of iheartradio. Welcome back everyone. I'm eaves and you're listening to this day in history class a show where we pill back. A new layer of history every day today is March. Third Twenty twenty. The Day was March third. Nineteen thirty eight. A group of oil prospectors working for an American company discovered a commercially viable source of Petroleum Mayor Demaim in Saudi Arabia since then Saudi Arabia has consistently been one of the world's top oil producers. The Kingdom of Saudi Arabia was established in one thousand nine hundred eighty two when even so combined four regions into one st through conquest even so called for searches for oil a resource that had demand and would be big source of income for a country that needed a boost in its economy in nineteen thirty three. Saudi Arabia signed a contract with the Standard Oil Company of California. Also known as so cow. So cal was granted the right to prospect for oil in Saudi Arabia's eastern provinces side note. So cal is now. Chevron in September of that year American geologist arrived in Saudi Arabia to begin surveys of the land by car airplane. A couple of months later the California Arabian Standard. Oil Company was formed. Cassocks name was later changed to Arabian American Oil Company or Aramco. Geologists began surveying an area around ideological formation near the city of Demaim on the east coast of the country drilling. The first began in April of nineteen thirty. Five in terms of the second whale started in February of Nineteen thirty six soon. More wells were authorized in the area. Those wells did produce some oil but most of them eventually produced more water than oil. Demaim Oilwell number seven at first seemed like it would also be fruitless. The well reached more than three thousand feet beneath the earth. And no water or oil had been found but chief geologist Max. Steiner key thought that they would find oil in the will and he told the company to keep drilling they did and on March third nineteen thirty eight. They struck a significant amount of oil within three weeks. The well had produced over one hundred thousand barrels of oil. In the beginning the oil was sent to. Bahrain barred for export but in nineteen thirty nine. The first tanker load of oil was shipped overseas now. That castle had found oil. It continued mapping and exploring Saudi Arabia looking for more by nineteen forty nine Kazakh. Now Aramco had reached a production of five hundred thousand barrels per day by nineteen fifty. The Trans Arabian pipeline. Had Begun Operations Aramco already paid Saudi Arabia a fee and other benefits but that year. Aramco began to split its profits but the Saudi government nineteen seventy-three the Saudi government purchased twenty five percent of Aramco by the next year it increased. Its stake to sixty percent and in one thousand nine hundred eighty all of course oil rights production apparatus and facilities came under government control by this time demaim oilwell number seven alone have produced more than twenty seven million barrels. Eight years later the company became Saudi Aramco over the next few decades. The company continued to expand its operations and production fuelling Saudi Arabia's economy of course oil production in Saudi Arabia has been an issue closely tied to economics politics and the environment today. Saudi Arabia is the world's second largest crude oil producer. I'm East Jeffco. And hopefully you know a little more about history today than you did yesterday. Feel free to share your thoughts or your innermost feelings with us and with other listeners. On social media at t the eight th podcast.

Saudi Arabia Arabian American Oil Company Standard Oil Company Saudi government Aramco Begun Operations Aramco Demaim Twenty twenty Demaim Oilwell Wet Stone magazine Appalachian Mountains California Arabian Standard cal Chevron chief geologist California Bahrain
"arabian american oil company" Discussed on C-SPAN Radio

C-SPAN Radio

13:07 min | 1 year ago

"arabian american oil company" Discussed on C-SPAN Radio

"To thank all of you for coming to hear this discussion early on a Monday morning a few weeks ago on October eleventh the US defense secretary mark T. asper announced a new deployment of US military forces to Saudi Arabia and at the time of that appointment he said Saudi Arabia is a long standing security partner in the Middle East and has asked for additional support to supplement their own differences and defend the international rules based order this statement and the deployment itself gives us kind of entry point in our discussion this morning for talking about the history of the US Saudi relationship and American foreign policy in Arabia and the Gulf more generally those phrases phrases like security partnership or maybe you've heard the phrase of bargain of security for oil are frequently used to describe the U. S. Saudi relationship in these descriptions serve to portray that relationship as natural as inevitable and ultimately as a political historical research by me and by many other people in the field however some great work being done right now shows that there was nothing inevitable about the U. S. Saudi relationship which developed over time in the contingent manner on the basis of conflict as well as cooperation and in a way that generated significant political controversy in both countries so I'm gonna do in my remarks give you sort of a sense of the scholarly literature by talking about three major themes or sets of topics in talking about the the US Saudi relationship and the first has to do with what historians call the post war petroleum order and the basic idea here is that the US Saudi relationship emerged not simply on a bilateral basis it is part of the system that developed middle eastern oil for fueling as you heard from doctor to pry any for fueling western Europe and Japan after World War two so when we talk about US Saudi relations we're not just talking about a bilateral relationship we're talking about the place of that relationship in that larger system the system that included major oil companies as well as states that included oil transit states that is those countries whose territory was crossed by it will on its way to market as well as oil producing states and leading included governments in the region as well as great powers like the United States and like Great Britain so major US corporations formed the Arabian American oil company or Aramco to develop Saudi oil and built the trans Arabian pipeline or tap line across four different countries to transport oil from the Gulf to the Mediterranean Aramco Saudi relations were based on a deal struck in nineteen fifty four of fifty fifty a profit sharing arrangement but those relations were also based on conflict and characterized by conflicts over payments in ownership of the company over the housing promotion in treatment of Saudi workers and over around because overall commitment to economic development in the kingdom US recognition of and support for Israel also complicated this relationship and isolated Saudi Arabia within the Arab world so a second set of topics or or themes has to do with the politics of reform domestic politics within the Saudi kingdom within Saudi Arabia and the basic sort of read a recognition or or basic argument that historians make is that from the beginning of this relationship in the nineteen thirties nineteen forties the US government and American oil companies were involved in domestic Saudi politics strikes among Aramco workers in nineteen forty five in nineteen fifty three and in nineteen fifty six led to demands for reform and the nationalization of Aramco by the Saudi government the government suppress the strikes in arrested or exiled leaders groups such as the national reform front later call the national liberation front formed out of these uprisings labor leaders in other dissidents regarded the US air base at doc brown and Aramco itself as constituting a colonial presence in Saudi Arabia this was the era of anti colonial nationalism of decolonization in the Arab world of the authority influence and popularity of the Egyptian president Gamal Abdel Nasser a movement for a constitutional monarchy supported by workers by some government employees and technocrats and even some members of the ruling family was defeated in the early nineteen sixties the US government closed ranks behind King Faisal who had opposed the constitution and who in nineteen sixty four deposed his brother his half brother king size history professor make this is Tina helping to provide a briefing for congressional staffers on the importance of Middle East oil to American foreign policy so a third and sort of most this is sort of the most recent round of or or body of scholarship on the U. S. Saudi relationship has to do with the nineteen seventies and the period subsequent to the nineteen seventies so the scholarship that examines the nineteen seventy three seventy four oil embargo its consequences and then the way that the the relationship was sort of reconstituted following that embargo so prior to nine eleven the most serious crisis in the relationship came when Saudi Arabia joined other Arab oil producers in an oil embargo against the United States imposed for American support of Israel in the October nineteen seventy three Arab Israeli war the Arab oil embargo came at a time when tight global oil supplies gave producing governments leverage over major companies the result was a major shift in what historians have called in what I described a moment ago as the post war petroleum border producing states pursued what is sometimes called resource nationalism in the forms of higher prices demanding a greater share of the wealth produced by the production of oil and also corporate nationalization in other words demanding ownership rights within the companies that were producing oil within their within their territories as a consequence then Saudi Arabian nationalized Aramco in a planned takeover that culminated in the nineteen eighties with the creation of the state oil company Saudi Aramco which has a rather large presence in Houston where I now live that phrase that I mentioned earlier in in my remarks security for oil a kind of bargain between the United States where the U. S. offer security in exchange for secure access to Saudi well that security for oil bargain Keynes most to the post embargo era so the period after the nineteen seventy three seventy four oil embargo the US Saudi relationship was re established on the basis of recycling Petro dollars especially through weapons sales the sales of weapons produced by US companies to Saudi Arabia and also Saudi Arabia's purchase of treasury bonds so helping to fund the debt of the United States as well as Saudi support for anti communist causes in the Cold War especially the support for the Islamist insurgency against the Soviet Union in Afghanistan after nineteen seventy nine also in nineteen seventy nine as you heard the U. S. lost its principal ally in the Gulf the Shah of Iran to a revolution the Iranian revolution placed added emphasis on Saudi Arabia as a regional US ally but proposals arm the Saudis also elicited strong opposition from pro Israel groups and politicians here in the United States following the announcement of the Carter doctrine which you also heard about from doctor to pry money in nineteen eighty the US dramatically increased its military presence in the Gulf this encompasses the creation of the rapid deployment joy Joint Task Force and later CENTCOM the US Central Command as well as the basing of US forces in Saudi Arabia during the long Iran Iraq war during the nineteen eighties hundreds of thousands of US troops were then deployed to the region including Saudi Arabia during the Gulf War of nineteen ninety nineteen ninety one as you might expect from when I was talking about earlier the U. S. to troop presence provoked opposition and resistance and open a new chapter in the Saudi opposition against the ruling family and close US Saudi relations al Qaeda which carried out the nine eleven attacks included Saudi dissidents such as some of bin laden and veterans of the anti Soviet campaign in Afghanistan most recently Saudi leaders have seen the US as a principal ally against Iran and its regional proxies Saudi running rivalry has entered a violent face as these two regional powers contend for dominance in civil conflicts across the Middle East region of a region destabilized by the to stop two thousand three US invasion of Iraq and its cascading effects in Yemen Iraq Syria Lebanon the Saudi Iranian rivalry has escalated ands intensified violence in conflicts that are often framed in sectarian religious terms but are really about regional power latency Tino Rice University prioritize the conflict with Iran has led to Saudi Arabia to mute its criticism of US policies toward the Israeli Palestinian conflict even as the current US administration has adopted Israel's position on key issues such as the status of Jerusalem it is also split the Gulf cooperation council the alliance of Arab Gulf states with Saudi Arabia and other states seeking to isolate Qatar by threatening the stability of the Gulf the recent attacks on oil tankers and Saudi oil installations raise questions about whether the Saudi and running governments will seek to de escalate their rivalry and the implications of this development for the U. S. campaign of maximum pressure on the Iranian economy through sanctions so as in the past and if we're we're using the past as a as a guide rather than an apolitical security partnership conflicts over regional power use of oil in the global economy and domestic politics in both countries will shape or determine the contours of the US Saudi relationship and US policy in Arabian the golf going for so I'll conclude my remarks there and look forward to your questions thanks very much this event is a briefing for congressional staffers on the impact of Middle East oil on US foreign policy comments by at nine Trapani US Naval War College may consider Tino Rice University and moderator David painter Georgetown University you have your cards start you.

Trump re-election campaign targeted by Iran-linked hackers

The 11th Hour with Brian Williams

05:29 min | 1 year ago

Trump re-election campaign targeted by Iran-linked hackers

"Our committee issued a report in insight on saying that Russian active measures are growing with frequency and intensity and these groups pose a significant threat to the United States and our allies in upcoming elections. Would you agree with that in fact one of the areas that we have to look at it and many more companies companies many more countries are developing capability to replicate what the Russians had done the New York Times reports that indeed Iranian hackers have targeted the trump reelection campaign quote Microsoft said hackers with apparent backing from Iran's government had made more than twenty seven hundred attempts to identify the email accounts of current and former United States government officials journalists covering political campaigns lanes and accounts associated with the presidential campaign. It was not clear what information if any had been taken in the attack on the trump campaign tonight the campaign says has it has no indication that any infrastructure was hit with US tonight the man to see on these matters Malcolm Nance he's a veteran of naval intelligence special OPS and homeland security with thirty five years working in counterterrorism and intelligence and is our analyst in this area his forthcoming book one of many relevant to this discussion is the plot to betray America. How team trump embraced our enemies compromised our security and how we can fix it Malcolm. What is the lesson in this lesson in this is that the two thousand sixteen election opened the floodgates for all types of non-state and state actors to try to influence the United States elections and with the president and many of his followers not believing that there is an intrinsic Nick cyberthreat in this world that will attempt to influence our electoral process. Everyone's going to dry so a sub lesson of that. I'm guessing assing in a democracy when we have a boisterous debate on this or any other network and Moscow Mitch is a name that is hatched because the Senate majority leader's unwillingness for the longest time to get funding approved to harden our elections people can hear us when when we say that people can see our coverage in a free society in a as they say a malign actor would be foolish not to try it ten years ago. The United States had a mindset in which the defense of the nation on all sides sides was paramount and that no one would ever be allowed to come after the United States on any platform anywhere in the world even if we weren't the greatest greatest and cyber cyber hygiene that has since changed and as you say the world can hear us when the world believes the United States will no no longer defend itself you know malignant players such as Iran North Korea China you know could be anybody as far away as Zimbabwe understands that America's information sphere can be weaponized against itself and that you can go after individuals or organizations or entire countries and have the ability to change their mindset or to hack their mindset so apparently Iran is touching base on this and are trying to get the basic steps to rudimentary hack certain people or individuals around around the campaign and perhaps influence it or carry out a false flag operation making it look like someone else's trying to influence. Dan Coats once said and I'll paraphrase phrase that what kept him up at night was the rumored Russian ability to turn off the power in New England in the middle of of winter. Tell the folks watching. Chang tonight at the risk of scaring them to death before bet on a Friday evening. How bad could it get. What could someone do it could get very bad and granted this report in The New York Times about very rudimentary things right about spearfishing people clicking on the wrong Lincoln downloading malware into their computer but that's the first step in going after turning off. Oh a hydroelectric plant or shorting out a substation and plunging a million people into darkness. These are infrastructure attacks which are very hard to do because we have such a large civilian infrastructure which is not protected at a governmental level the way many other countries around the world are so you know when you turn off power. You kill people respirators. Go off until the batteries come on or a generators. Come on. It can be very difficult. People lose their air conditioning so these are the sort of things that are the far far end of the black operations and cyber warfare. Iran for example destroyed every computer in Aramco the Saudi Arabian Oil Company a few years ago using malicious malware and knocking down their systems that was not as bad as if they say shut off Wichita Talk Kansas from having any electricity all of these are within the realm of that and if we are not defending ourselves our opponents will figure out ways as to use it.

United States Iran Malcolm Nance United States Government The New York Times America Dan Coats Microsoft Saudi Arabian Oil Company Senate New England Zimbabwe Moscow Chang Nick Cyberthreat Analyst President Trump
"arabian american oil company" Discussed on CNN 10 (video)

CNN 10 (video)

09:37 min | 1 year ago

"arabian american oil company" Discussed on CNN 10 (video)

"Welcome to a new week and a new edition of CNN ten o'clock. Zeus happy to see you this Monday when international stock markets opened on September or sixteenth one thing investors around the world are watching is the price of oil. It's crucial for world economies because it's their major source of energy and a country. That's a major supplier supplier of oil saw its oil facilities attacked on Saturday as many as ten drones unmanned aircraft hit oil plants in Saudi Arabia. The the kingdom is the world's largest exporter of oil and the attacks hit the world's largest oil processing facility Saudi Arabia says no one was hurt but half of its oil. It'll production was disrupted and that accounts for five percent of the world's daily oil supply so as Saudi Arabia Russia's to repair the damaged plants investors investors want to see if and how this affects oil prices worldwide they've been relatively low for months but could go up significantly because of this so who did it who the rebels in neighboring Yemen say they did they've been fighting for control of Yemen in that nation's civil war but Saudi Arabia which supports Yemen's government has has been leading an international fight against the rebels so the WHO's these say they attack Saudi Arabia's oil facilities response but not everyone is convinced the US West government blames Iran for planning the attack calling it an assault on the world's energy supply Iran does support Yemen's rebels but the country says it it wasn't involved in the Saudi oil attack and called the US accusation meaningless tensions have been soaring between America and Iran since last year when the US that's pulled out of a controversial nuclear deal with the Middle Eastern nation so as Investors Watch oil prices Saudi Arabia works to repair facilities and the US and Iran Ron Bristle at each other international politics are among the cast of tensions on the world stage of Saudi Arabia and the United States are to unexpected allies one's an autocracy the other democracy there are many differences between the two but one thing they have in common is that each country has with the other once Saudi Arabia has oil and the United States has arms to understand how reciprocal the relationship is. We need to go back to how it started started Saudi Arabia as we know it was founded in one thousand nine hundred eighty two by King Abdelaziz a few years later oil was struck an American companies sensing opportunity moved in it was a relationship which was based on a company standard oil in the name of the US government trying to look for access to oil resources. This picture shows where the relationship crystallized this was Saudi Arabia's founder King Abdelaziz meeting. US President Franklin Roosevelt on the USS Quincy on the Suez Canal in one thousand nine hundred eighty five the United States wanted to have a secure access to to the oil resources and at the same time they would provide the Saudi kingdom with access to arms and obviously by protection as the years passed the relationship strengthened standard oil oil founded Aramco the Arabian American oil company which controlled every oil and barrel in the country and as the oil flowed into the US American-made arms arms flowed into the kingdom between nineteen fifty and 2017 Saudi Arabia bought more than one hundred billion dollars worth of arms from the US making the kings of the country's trees biggest customer. It's a relationship so strong that even went Saudi Arabia and the opposite sides of an issue arms continued to flow for example in nineteen seventy three and the start of the war Egypt and Syria launched a surprise offensive against Israel the US responded supporting being Israel which Saudi opposed the kingdom and its OPEC allies responded by setting an oil embargo reducing production and significantly impacting the US economy Konami but there was no slowdown in arms sales if we get yet fingers of arms supplies to Saudi Arabia owned the US up to see that that was around two time at least very significant increase in those supplies which then continue to over the decades and they may also be related to back but that really was the moment poile crisis we increased by repidly even nine eleven where fifteen out of the nineteen one thousand nine attackers were Saudi did little to rattle the arms relationship with the kingdom which has denied any involvement in the attacks Brian Two thousand five find the wolves a deep volume of deliveries of weapons the US to Saudi Arabia without thinking that didn't necessarily have to do with nine eleven. I think it had more to do with the fact that Saudi Arabia didn't have the best financial conditions at time and that it had already talked okay up on a very large quantity of advanced arms and in two thousand seventeen. US President Donald Trump's first foreign visit was to Saudi Arabia where he signed an arms deal said to be worth one hundred ten billion dollars for longtime side. You use use quicken very much about on started to change in two thousand fifteen feet. we see the the state of scale military intervention is ideal rape got the. Yemen conflict has become the world's worst humanitarian crisis with tens of thousands killed. Dell's it's also widely seen as a proxy war between Iran and Saudi Arabia with the rebels supported by Iran and pro. Oh government forces supported by the Saudi led coalition the world has changed a lot since the relationship between Saudi Arabia and the USA began imports of oil from the kingdom aimed to the US have dropped by forty seven percents. It's a high in nineteen ninety-one since that first accord in one thousand nine thirty to Saudi Arabia has had seven kings the the US has had fourteen presidents but through it all the bond between these two nations has remained unbreakable. The Second Trivia though Hong Kong isn't independent from China is considered a what Semi Autonomous Republic Special Administrative Region Autonomous Animist region or protectorate Peng is a special administrative region people have more freedoms than those in mainland China Hong. Kong's government says it's open to increasing communication with the public to solve the city's problems for the fifteenth weekend in a row. There were no signs. Those problems are going away. There was a large peaceful march on Sunday. There were also incidents of vandalism and attacks on police demonstrators instructors want more democratic freedom for Hong Kong but if struggles continue between them and their local government it's possible China could step in it says it has ultimate ultimate control over the Special Administrative Region. This is the fifteen straight weekend of confrontations and protests here in Hong Kong and this is a very typical site here large numbers of riot police deployed after demonstrators conducted a protest march which had not been authorized authorized by the police through the downtown of Hong Kong Island and then it was followed up with scenes of demonstrators coursing through the streets tear gas water cannons. It's a scene that is repeated itself week. After week. We witnessed on this evening a group of demonstrators beating a man quite badly on a street corner. We're not sure why he was targeted but he left dazed and bloodied now. The fact is is that hundreds of people have been detained names. Thus far arrested and this has taken a toll on the Hong Kong economy hotels have large numbers of vacancies airplane a plane ticket sales are down retail sales are down as well and Hong Kong's reputation has taken a beating the Hong Kong government has taken some some steps to try to meet some protester demands but at this stage there seems to be no critical settlement in sight and as you can hear many ordinary citizens now view the police as targets of derision police commanders have told CNN it will take years to recover from the damage that their reputation has suffered through this cycle of confrontation Ivan Watson CNN Hong Kong aw Indiana's purdue university. There's a new delivery team on campus. They don't talk much but they do bring students something to chew on customers can order food and drinks using a smartphone APP. The meals are plopped into the robots which then zip around around and drop them off within minutes. They're automated though the people who monitor them can take control if needed and the company that provides the service hopes to expand it in the years. There's ahead the question is will the meals on wheels be slow in the snow. Will they beat the heat with the food you eat or will they arrive at all if the leaves and Fall Meyer the tires and causes the impairments that need repair minutes gets the robots will have to learn the perdue's in dotes of drone livery of garlic who's delivering another edition of CNN..

Saudi Arabia United States Hong Kong standard oil Yemen Iran CNN US West Hong Kong Island Ivan Watson CNN Hong Kong China President Semi Autonomous Republic Speci Middle Eastern Suez Canal
Aramco Plans Split IPO, With Tokyo Emerging as Front-Runner

WSJ What's News

03:26 min | 1 year ago

Aramco Plans Split IPO, With Tokyo Emerging as Front-Runner

"Aramco the world's most profitable company is planning to stage initial public offering and despite wooing from london and hong kong tokyo has now emerged as a surprise front-runner for more on this wall street journal exclusive. Sam western spoke with reporter border. Ben dumb it in london. It's been a long journey for the saudi arabian oil company to make a public offering and we've learned that they are going to go <hes> with this two stage strategy. Could you just tell me a little bit about that. Yeah initially they were looking at an i._p._o. Where they would simultaneously list on the message exchange call the totta wall sock exchange and an international exchange but after many false starts the reviving the plan but this time they're taking a different approach where they're going to list initially on the domestic exchange selling a small sliver of the five percent stake that they previously previously targeted they would sell completing that making that a success and then next year following that with an international listing on right now it looks like they're leaning towards the tokyo stock exchange over london stock exchange hong kong or new york and do we have a timeline for when this might happen you know i think we know that ramp was looking at doing the domestic listing in saudi trying to before the end of this year you know the success excessive of that will help determine the timing of the international listing but at this point they're looking at some time in twenty twenty. It looked for a while like the london stock. Exchange was making a big push to bring this listing to london similarly that was interest from hong kong but but it looks like both of those have lost out at this stage. Could you just tell me a little bit about that decision. Yeah in the past when aramco's looking at international listing london was at the top of their list along with hong kong and the new york stock exchange the london exchange change u._k. Politicians have pushed hard to try to to aramco to consider the listing venue. They similarly the exchanges and officials in hong kong in the u._s. You similar tactics to try and will aramco to their exchanges because it would be the largest ever if it goes through but because of brexit and the controversy around brexit in the possibly the increasing possibility of a hard brexit. There's concerns that that could cloud the the future of the l._l._c. so as a result of that. They're you know they're looking at tokyo's an alternative similarly hong kong which was another alternative has this is challenged by the fact of the pro democracy protests that are going on there and the clampdown by mainland china so there's that's create a level of uncertainty about listing in in on the hong kong exchange so as a result. They're now looking at tokyo. Tokyo's a big international exchange. It's been home to some of the largest i._p._o. Ever including last year's i._p._o. Soft bank's mobile telecom unit so that you know that showed obviously that they can manage big. I._p._o.'s and there's an available investor base to absorb the kind of offering that the aramco might pursue. That's the wall street. Journal's ben dumb it speaking with sam western in london

Hong Kong London Hong Kong Tokyo Tokyo Aramco Wall Street Journal BEN Sam Western New York Reporter Saudi Journal I._P._O. China Five Percent
"arabian american oil company" Discussed on Darknet Diaries

Darknet Diaries

11:05 min | 2 years ago

"arabian american oil company" Discussed on Darknet Diaries

"Basically. Chris was based on a city in the Netherlands called the Hague. And this is where she built a security operation center. Mmediately she knew she needed to integrate her team into the Saudi Aramco culture. So she began rotating each of her analysts to go work in Saudi Arabia for a while in exchange. She'd get someone from IT from Saudi Arabia to come work in her operation center in the Hague. She didn't want to repeat of how Houston Texas detected this attack four months earlier, but couldn't communicate it effectively to Aramco integrating her team in the culture was a great success. Her first task was to gain visibility into the network because otherwise you can't see if another attack is coming through, and that was a huge challenge because there was a whole segment where there was zero visibility. And I was a huge issue. That was number one. Absolute number one number two was looking at the best practices because my team the minimum level of experience in a sock was five years. So all of us were highly experienced, so we were bringing over best practices and in the mix. There were a lot of foreign contractors who were put into roles until the Saudi people could get up to their capabilities. Kristen her team began triaging, the network to make it more secure the did things like audit. The network how by tease secure systems better monitor for tax and harden the network, but won't Chris's role was important. There were many other security teams worldwide also helping to resolve this incident, both internal and external people were helping to get things back on track. In fact, even a few other countries helped out to get things operate again. At this point oil trucks started getting backed up at pumping stations and drill sites. Like ridiculous backups picture. The worst traffic backup you've ever seen. And that was the situation a journalist saw this and took a picture of an endless amount of trucks and a row with no oil and wondered what was going on here at this point. The news was starting to spread that Aramco was hit hard with something. Big. The attackers continued to attack the infrastructure and Saudi Aramco had to disconnect from the internet re times. They thought that they were up they got everything up and running and then the attackers launched a massive Dido's attack against them. Then at the same time they were able to get back in again because when they first put up the first of better security appliances on the perimeter. I'm not sure who did this. I think it was one of their contractors had left some of the stuff with default user, names and passwords on the network, insecurity places to the taxes are able to get back in refl get and they posted this because it was very taunting. And they were able to get the new password and Email address for the CEO Saudi Aramco and the executive board, and they pasted on pay spin and said, we're not through with you yet. This piece was also signed by the cutting sort of Justice. And this is when Saudi Aramco started, noticing, not only this piece Ben but also the previous ones posted on the day of the attack. Chris and her team continued to defend the network and find any vulnerabilities in patch them is took a lot of work to get things operational again. Three and a half months to really get back to normal. And that three and a half months was basically working with an unlimited budget to get things back on track and oil flowing properly. If this company didn't have a budget like that, this would have either destroyed the company or degraded it for years, another thing worth mentioning here is at Saudi Aramco is very adamant about not buying any Israeli based software, for instance. Firewalls made by checkpoint are never an option for securing the network because Saudi Arabia really doesn't like what Israel's done to Palestine and since checkpoint. Firewalls are made in Israel and started by a former member of the unit eighty two hundred the Saudi government won't buy their products. And I suppose it makes sense if you know, a country is spying on you and former military spies make firewall you probably don't wanna buy that firewall for your network. But even when Saudi Aramco had things back up and operational. There were still problems that would occur the employee's. This was a one thing I found very unusual because they're not been any say security awareness training for them before the attack when the employees. Came back. They didn't really want to touch a computer. They were kind of afraid they're like, oh my God. What if I'm the one that opens the Email attachment, and then brings the system down because of a phishing attack. And so there were people who didn't really want to use the systems, and I can understand, and it it also took time after the attack you then have to start you need the people on the computer systems, not in the security wariness programs. But you also need them in there. So what's you do do you get your operations back birth? These people are like, I'm not opening any Email. You have to open Minu like so it was it almost like they got a post traumatic stress disorder from the cyberattack. And it was it was very very unusual by was a psychologist. I would love to do some sort of pay per on the topic. Once things started settling down Saudi Aramco government began looking into who conducted this attack the pace. Ben messages were assigned by the cutting sort of Justice, which appeared to be an activist group. But. Some of the messaging in there was suspicious. The Shimon virus was also analysed thoroughly to look at traces of information that could lead to who wrote it combine this with the additional logs and forensics data in the picture started to become clear, according to the Saudi Arabian government. It was the country of Iran. There are a few theories as to who was behind this attack. Could have just been a group of people wanting to drive up oil prices or actually an activist group. Mad at Saudi Arabia. We don't know all the details or exactly who. And why but some security researchers believe this was a retaliation from Iran because of the Stuxnet attack that hit their nuclear facilities, but if the US and Israel attacked run with Stuxnet, why would Iran taxonomy Arabia in retaliation? This is a very complicated question. The first clue is that the Shimon virus had a burning American flag on it and Saudi Aramco was actually started by in American company. I it was started by the standard oil company of California. And then it eventually changed its name to Aramco which is short for the Arabian American oil company, and from there the Saudi government, so how profitable it was fully took over the company and today, this is where the bulk of Saudi government money comes from. So you can see Saudi Aramco has a deep connection with the US. But the US relies heavily on oil from Saudi Arabia. So impacting the oil supply to America could. Ause financial ruin to the US bringing a lot of businesses to a halt. Additionally, Iran and Saudi Arabia have long standing feuds between them. They often argue about politics and religion. But the thing is the Iranian government never took credit for this attack. So if they did this as a show of force or some kind of rattling, why wouldn't they take credit for it? There were some news articles that stated Saudi Arabia captured arrested dozens of Iranian spies, not long after this attack. It's unclear but it's possible. These spies were somehow part of this hack possibly doing reconnaissance or doing some sort of social engineering to get internal information about Saudi Aramco over in Iran is the Islamic revolutionary guard corps or I r g c this is one of Iran's armed forces. And it has over one hundred thousand people in the DC is the intelligence gathering units. Which is where we presume are a number of hackers working for the Iranian military. In fact, one IRA g general stated that they have the fourth biggest cyber army in the world. But there's also a group called the Iranian cyber army, and this isn't a military group. But rumors say it was. Started by the IRA g see this hacker group has pledged their allegiance to the supreme leader of Iran, and they conduct hacks to help Iran out. It's a very secretive group, but it's possible they do some of the more dirty work for the RTC. So the running government can claim that they didn't do it. This incident was Saudi Aramco is known as the Shinmun attacks. One. There's now Shimon attacks to three that are still ongoing against Saudi Aramco in Saudi Arabia, especially hitting Saudi Arabian critical infrastructures in airports have been affected. So it is still ongoing. The thing is is that nations aren't even at the point yet of being able to talk about what cyber capabilities they have much less people to have an open conversation of how to conduct cyber warfare between nations. Many countries are developing cyber capabilities, and they're watching big players like the US on how to conduct themselves in this space and seeing things like Stuxnet leak in the US denying it just makes these countries follow suit and also conduct ultra secret. Mitch. We're still in the first generation of this new weapon. And when things are this new there aren't any rules or regulations at there isn't any playbook or proper way to conduct yourself. And because of all that it will be abused nations will do whatever they want whenever they want. Because that's just how it is. Right now. It's naive to think nations aren't constantly spying and infiltrating on each other using cyber weapons which is probably why when there's an attack like this. It's not treated like an act of war because we don't know what a cyber active or looks like yet when we see mass casualties from a hack and nation claims responsibility for it. Then I think that'll be one. But in this case some computers were damaged an unknown group claimed responsibility. And somehow just didn't cause a worldwide panic and oil prices and everything went back to normal in a few months before this event, the Saudi government didn't put a lot of effort into their cybersecurity program. And to me, it's crazy to think of a nation such as this not paying that much attention to online security, but since then in two thousand seventeen to. Thousand seventeen is when they launched their Saudi national cybersecurity center, which is the government ran organization built to protect their critical infrastructure and government from cyber-attacks. This has a great trickle down effect of the whole nation because security really does have to start at the top of any organization, including an entire nation. So now, many more organizations are also taking security seriously because the Saudi government did. Yup. Rations center that Chris built in the Hague is still up in monitoring Saudi Aramco. She's since moved onto a higher profile projects. And here's a bit of advice from her on how to prepare yourself for an incident. Like, this digitization is fantastic. But in an emergency always need a paper copy of contacts. That's a very good idea. We also carried a com- coated contact information cards in our wallets in case from urgency. So that we could have a very very quick response. That was one of the big things that was lost during the TAC because you couldn't even get a phone and also printed out play books. So in case of emergency. It's a calming factor that you can hold something in your hand. And look at it, even though it's not going to match up perfectly. It helps you from losing your sanity, and you can go off of that. And having those printed out. And contact cards are invaluable in the case of any incident. You've

Saudi Aramco Saudi Arabia Saudi Arabian government Aramco CEO Saudi Aramco Iran Chris US Shimon Israel Ben Houston Texas Iranian government standard oil Minu Netherlands RTC
"arabian american oil company" Discussed on KQED Radio

KQED Radio

03:46 min | 2 years ago

"arabian american oil company" Discussed on KQED Radio

"We'll have a high of eighty two this afternoon. The time is now six forty six. It's morning edition from NPR news. Good morning. I'm David Greene. I'm Noel king in nineteen Forty-five. An American leader met a king from Saudi Arabia. Here's a newsreel report from that time. American destroyer comes alongside a cruiser and great better late on the Suez canal in Egypt brings even south king of the five million people of Saudi Arabia to a conference with president Roosevelt. That was the first time the Saudi monarch had left his home country. Now, seventy three years later the relationship between the US and Saudi Arabia is challenged by the killing of journalists. Jamal kashogi at the Saudi consulate in Istanbul. A lot of our listeners had questions about our relationship with Saudi Arabia. Here's Steve Inskeep. We put your questions to commentator Cokie Roberts, who answers your inquiries each week about how politics and the government work either Cokie. Hi, steve. And it certainly a big question how this relationship works. And here's our first question. This is Nicole back since Gus from Nashville Tennessee is the US Saudi Arabia special relationship, really based primarily on an oil for arms arrangement. Or is there? Something more to it. Well, it's not all forearms and arms of recent years. The United States has become much more self sufficient in terms of energy, but Saudi Arabia remains a huge producer oil and more important incredibly influential in the international setting of oil prices, but it's also a purchaser. President Trump is repeatedly said of arms made by US companies. But there's something more, and that is mainly Iran. The United States is saying Saudi Arabia's a check on ran buzz in the region. Internationally, and to the extent that it's alive issues. The US also thinks it Saudi Arabia could be helpful in the elusive Israeli Palestinian peace agreement. Now oil is also on the mind. Our next listener Hello. My name is Shawn fitzmorris. I'm from New Orleans, Louisiana. How did the US view Saudi Arabia before oil was thing? Thank you. Basically. There was no view before. Oil was a thing. Saudi Arabia, as we know it was became a country in one thousand nine hundred eighty two the very next year it signed an agreement with standard oil of California to form Aramco the Arabian American oil company, which is now owned by the Saudi state, and that happened even before it was clear, how oil-rich the country would be the leader for unified the country and started the relationship with the US Abdulaziz. Even sowed he had forty five son, Steve and all the king's since his death in nineteen fifty three of them. One of those sons the crown prince Mohammad bin Salman, we've been hearing so much about lately would be the first of the next generation if he becomes king. The next question is whether the US being so close to the Saudis can get them to do anything. Hi. This is Alex the south from Upton Massachusetts how much influences United States have over Saudi Arabia's foreign policy. Well, I'd say the question is more how much the US has chosen to exert. The biggest case in point at the moment is the civil war in Yemen where the Saudis have been accused of bombing civilians and closing off access to humanitarian aid. So that now there's an enormous food crisis taking place, but because Iran is involved with the faction the Saudis are fighting the United States is sided with the Saudis, but they're stirrings in congress which showed up in the last defense fill of trying to protect civilians and there's talk of sanctioning Saudi Arabia. In some way, because of the journalist killing as well Cokie. Thanks, always good to talk to you. Stay in commentator Cokie Roberts. You can ask coca your questions about our politics and the government worked by emailing us at ask copious NPR dot org or tweeting us with the hashtag ask Cokie..

Saudi Arabia United States Saudi consulate Cokie Roberts Steve Inskeep NPR Noel king Cokie David Greene Iran standard oil Suez canal US Abdulaziz President Trump Jamal kashogi Istanbul New Orleans Egypt
"arabian american oil company" Discussed on KCRW

KCRW

03:38 min | 2 years ago

"arabian american oil company" Discussed on KCRW

"Good morning. I'm David green. Noel king in nineteen forty five. An American leader met a king from Saudi Arabia. Here's a newsreel report from that time. American destroyer comes alongside a cruiser and great bitter lake on the Suez canal in Egypt brings even south king of the five million people of Saudi Arabia to a conference with president Roosevelt. That was the first time the Saudi monarch had left his home country. Now, seventy three years later, the relationship between the US and Saudi Arabia is challenged by the killing of journalist Jamal kashogi at the Saudi consulate in Istanbul. A lot of our listeners had questions about our relationship with Saudi Arabia here. Steve inskeep. We put your questions to commentator Cokie Roberts, who answers your inquiries each week about how politics and the government work either Cokie. Hi, steve. And it's certainly a big question how this relationship works. And here's our first question. This is Nicole back since guests from Nashville Tennessee is the US Saudi Arabia special relationship, really based primarily on an oil arms arrangement. Or is there? Something more to it. Well, it's not oil for arms oil and arms of recent years. The United States has become much more self sufficient in terms of energy, but Saudi Arabia remains a huge producer oil and more important incredibly influential in the international setting oil prices, but it's also purchasers. President Trump has repeatedly said of arms made by US companies. But there's something more, and that is mainly Iran. The United States is saying Saudi Arabia's a check on both in the region. Internationally, and to the extent that it's alive issue. The US also thinks that Saudi Arabia could be helpful in in the lucid is really Palestinian peace agreement. Now oil is also on the mind of our next listener below. My name is Shawn fitzmorris. I'm from New Orleans, Louisiana. How did the US view Saudi Arabia before oil was a thing? Thank you, basically. There was no view before. Oil was thing. Saudi Arabia, as we know it was became a country in one thousand nine thirty two the very next year it signed an agreement with standard oil of California to form Aramco the Arabian American oil company, which is now owned by the Saudi state, and that happened even before it was clear, how oil-rich the country would be the leader who unified the country and started the relationship with the US was Obdulio. ZZ even sowed he had forty five son, Steve and all the king's since his death in nineteen fifty three of them. One of those sons the crown prince Mohammad bin Salman, we've been hearing so much about lately would be the first of the next generation if he becomes king. The next question is whether the US being so close to the Saudis can get them to do anything. Hi. This is Alex the south from Upton Massachusetts how much influences the United States have over Saudi Arabia's foreign policy. Well, I'd say the question is more how much the US has chosen to exert. The biggest case in point at the moment is the civil war in Yemen where the Saudis have been accused of bombing civilians and closing off access to humanitarian aid. So that now this enormous food crisis taking place, but because Iran is involved with the faction the Saudis are fighting the United States is side of it the Saudis, but they're stirrings in congress, which showed up in the last defense Bill of trying to protect civilians and there's talk of sanctioning Saudi Arabia. In some way, because of the journalist killing as well Cokie. Thanks is always good to talk to you. Steam commentator Cokie Roberts. You can ask coca your questions about our politics and the government work by emailing us at ask Cokie at NPR dot org or tweeting us.

Saudi Arabia United States Saudi consulate Cokie Roberts Noel king Steve inskeep standard oil David green Iran Suez canal Cokie President Trump president Roosevelt Egypt New Orleans Istanbul Yemen
"arabian american oil company" Discussed on KCRW

KCRW

03:30 min | 2 years ago

"arabian american oil company" Discussed on KCRW

"From that time. On American destroyer comes alongside a cruiser and break dinner late on the Suez canal in Egypt brings even south king of the five million people of Saudi Arabia to a conference with president Roosevelt. That was the first time the Saudi monarch had left his home country. Now, seventy three years later the relationship between the US and Saudi Arabia is challenged by the killing of journalists. Jamal kashogi at the Saudi consulate in Istanbul. A lot of our listeners had questions about our relationship with Saudi Arabia. Here's Steve Inskeep. We put your questions to commentator Cokie Roberts who answer is your inquiries each week about how politics and the government work either Cokie. Hi, steve. And it certainly a big question now this relationship works. And here's our first question. This is Nicole back since guests from Nashville, Tennessee, if the US Saudi Arabia special relationship, really based primarily on an oil arms arrangement or is there. Something more to it. Well, it's not all forearms and arms of recent years. The United States has become much more self sufficient in terms of energy, but Saudi Arabia remains a huge producer oil and more important incredibly influential in the international setting oil prices, but also a purchaser. President Trump has repeatedly said of arms made by US companies. But there's something more, and that is mainly Iran. The United States is saying Saudi Arabia's a check on ran buzz in the region. Internationally, and to the extent that it's alive issue. The US also thinks that Saudi Arabia could be helpful in in the elusive Israeli Palestinian peace agreement. Now oil is also on the mind of our next listener. Hello. My name is Shawn fitzmorris. I'm from New Orleans, Louisiana. How did the US view Saudi Arabia before oil was thing? Thank you. Basically. There was no view before. Oil was a thing. Saudi Arabia, as we know it was became a country in one thousand nine hundred eighty two the very next year it signed an agreement with standard oil of California to form Aramco the Arabian American oil company, which is now owned by the Saudi state, and that happened even before it was clear, how oil-rich the country would be the leader who unified the country and started the relationship with the US Abdulaziz. Even sowed he had forty five son, Steve and all the king's since his death in nineteen fifty three of them. One of those sons the crown prince Mohammad bin Salman, we've been hearing so much about lately would be the first of the next generation if he becomes king. The next question is whether the US being so close to the Saudis can get them to do anything. Hi. This is Alex the south from Upton Massachusetts how much influence as the United States have over Saudi Arabia's foreign policy. Well, I'd say the question is more. How much the US has chosen to exert? The biggest case in point at the moment is the civil war in Yemen where the Saudis have been accused of bombing civilians and closing off access to humanitarian aid. So that now there's an enormous food crisis taking place, but because Iran is involved with the faction the Saudis are fighting the United States is side of it the Saudis, but they're stirrings in congress, which showed up in the last defense Bill of trying to protect civilians and there's talk of sanctioning Saudi Arabia. In some way, because of the journalist killing as well Cokie, thanks as always good to talk to you stayed commentator Cokie Roberts. You can ask coca your questions about our politics in the government work by emailing us at ask Cokie at NPR dot org or tweeting.

Saudi Arabia United States Saudi consulate Steve Inskeep Cokie Roberts Suez canal standard oil Iran US Abdulaziz president Roosevelt Cokie Egypt President Trump Jamal kashogi Istanbul New Orleans Yemen
"arabian american oil company" Discussed on KQED Radio

KQED Radio

03:39 min | 2 years ago

"arabian american oil company" Discussed on KQED Radio

"Good morning. I'm David Greene. I'm no well king in nineteen forty five an American leader met a king from Saudi Arabia. Here's a newsreel report from that time. On American destroy our comes alongside a cruiser and great bitter lake on the Suez canal in Egypt brings. King of the five million people of Saudi Arabia to a conference with president Roosevelt. That was the first time the Saudi monarch had left his home country. Now, seventy three years later the relationship between the US and Saudi Arabia is challenged by the killing of journalists. Jamal kashogi at the Saudi consulate in Istanbul. A lot of our listeners had questions about our relationship with Saudi Arabia here. Steve inskeep. We put your questions to commentator Cokie Roberts, who answers your inquiries each week about how politics and the government work either Cokie. Hi, steve. And it certainly a big question how this relationship works. And here's our first question. This is Nicole Beck since guests from Nashville. Tennessee is the US Saudi Arabia special relationship, really based primarily on an oil for arms arrangement. Or is there? Something more to it. Well, it's not oil for arms oil and arms of recent years. The United States is become much more self sufficient in terms of energy, but Saudi Arabia remains a huge producer oil and more important incredibly influential in the international setting of oil prices, but it's also a purchaser. President Trump has repeatedly said of arms made by US companies. But there's something more, and that is mainly Iran. The United States is seen Saudi Arabia's a check on ran both in the region. Internationally, and to the extent that it's alive issues, the US also thanks it. Saudi Arabia could be helpful in in the elusive. Israeli Palestinian peace agreement. Now oil is also on the mind of our next listener. Hello. My name is Shawn fitzmorris. I'm from New Orleans, Louisiana. How did the US view Saudi Arabia before oil was a thing? Thank you, basically. There was no view before. Oil was a thing. Saudi Arabia, as we know it was became a country in one thousand nine hundred eighty two the very next year it signed an agreement with standard oil of California to form Aramco the Arabian American oil company, which is now on by the Saudi state, and that happened even before it was clear, how oil-rich the country would be the leader who unified the country and started the relationship with the US Abdul-Aziz. Even sowed he had forty five son, Steve and all the king's since his death in nineteen fifty three them one of those sons, the crown prince Mohammad bin Salman, we've been hearing so much about lately would be the first of the next generation if he becomes king. The next question is whether the US being so close to the Saudis can get them to do anything. Hi. This is Alex the south from Upton Massachusetts how much influences United States have over Saudi Arabia's foreign policy. Well, I'd say the question is more how much the US has chosen to exert. The biggest case in point at the moment is the civil war in Yemen where the Saudis have been accused of bombing civilians and closing off access to humanitarian aid. So that now's Disney normal food crisis taking place, but because Iran is involved with the faction the Saudis are fighting the United States is side of it the Saudis, but they're stirrings in congress, which showed up in the last defense Bill of trying to protect civilians. Yeah. And there's talk of sanctioning Saudi Arabia. In some way, because of the journalist killing as well Cokie, thanks as always good to talk to you stayed commentator Cokie Roberts. You can ask coca your questions about politics and the government worked by emailing us at ask copious NPR dot org or tweeting us with the hashtag ask Cokie..

Saudi Arabia United States Saudi consulate Steve inskeep Cokie Roberts Suez canal standard oil David Greene Iran Egypt Nicole Beck Cokie President Trump Jamal kashogi president Roosevelt Istanbul NPR
Why the IPO of Saudi Arabia's crown jewel has stalled

John Batchelor

03:43 min | 2 years ago

Why the IPO of Saudi Arabia's crown jewel has stalled

"News centers on the headline in the financial. Times and these last hours that Saudi, Arabia the oil-rich kingdom is seeking loans in the public market because the Aramco IPO long talked about this is Saudi Arabian oil company that has probably a third of the world's gettable oil right now Is not going through that is that there's hesitation in the market that is not a, positive for the Marcus to say, we're not ready to IPO a. Piece, of Aramco Simon Henderson is the Baker fell at. The Washington. Institute is the. Director of the institute is Bernstein. Program engulfing energy policy Simon a, very good evening to you come to you I. Was surprised by the headline in the FT this is the financial times out of London do you credit that there's hesitation about the Aramco. And is it is it important that, Iran that Saudi Arabia's now fee seeking loans given its heretofore will go it alone will go it alone a platform in the Middle East now looking for money from outside good evening to you Good evening it's an important story for multiple reasons and you've laid it out, very well what prompted the financial times story was a report twenty four hours earlier to say at the Saudis had given up the notion of floating off a Bishop Saudi. Aramco, they were looking to float off five percent of. It which they hoped would produce a hundred billion. Dollars in cash for them to invest in. The economic transformation the NBS Mohammed bin Soltan Salman who is the? Crown prince of Saudi Arabia has this vision of transforming the country bringing into the twenty first, century and taking his away from, its huge dependence on oil and. He's originally was going to do this by floating off A bit of Saudi Aramco aside contradiction in terms anyway the the f. t. story. Was to say that the Saudis had denied the Saudi Aramco Yeah It had been cancelled and merely they quoted the, energy miss minister of Saudi Arabia is saying it would take place at a suitable time sometime in the future phraseology which the f. t. in its wisdom decided. Meant Postponed indefinitely quote unquote and, instead the Saudis because they can't raise money by floating off Saudi Aramco having. To go to the market, to raise some money there the figure that the f. t. produce with they. Were looking for, twelve billion dollars and they were hoping to get it from a consortium of sixteen international banks this shouldn't be too difficult but it's a significant change, for. From the direction that they have been pursuing and quite, frankly an embarrassment to the crown prince Mohammad bin Salman also known as NBS who's being claiming that the way forward was to float off part of Saudi Aramco

Saudi Aramco Saudi Arabia Arabia Yemen Bishop Saudi Soltan Salman Simon Henderson Iran United States Washington Financial Times F. T. Story Middle East Director Marcus Bernstein
"arabian american oil company" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:18 min | 3 years ago

"arabian american oil company" Discussed on Bloomberg Radio New York

"Always been very into the the the country's oil company was was formerly the arabian american oil company the gcc is is the world's second biggest buyer of military equipment after the united states and and of course most of the bombers and nine eleven were saudi arabian so for good or bad that relationship has always been very intimate i think the relationship between the new crown prince and us president trump is very close the they were together in the white house then trump made his first foreign stop in saudi arabia his face was project did onto one of the hotels of the city and then of course trump yesterday was among the first to call the new prints to congratulate him so it's a relationship that very close i think that that is emboldened the new crown prince and perhaps we'll see him taken even more aggressive stance on some of his policies in and clearly it the the lines of communication between the two countries are very fluid right now we also spent as an ousted area had of research at rashi capital his his take on saudi arabia's power shift couldn't keep remarkable report called heard but learned curt byrum leak one of the current earn germany in order to eat when you come here the government there's going to be government turned economy much what car in order to go the core really people of the budget that you see not only going to occur will be much more economic we call on good evening couldn't get through actually he took it kirk the economy where he and local brooke couldn't the majority view related guy even and diet really one and a decade the oil the company is going to cook the as a really interesting that you comparing his policies singapore think when it comes to foreign policy that my dear friend we are expecting from the new crown prince amorin grass sense foreign policy give you some pause when comes two navy brisk premium to prices but at the same time need the risk.

oil company gcc military equipment united states trump saudi arabia germany foreign policy saudi arabian president
"arabian american oil company" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 3 years ago

"arabian american oil company" Discussed on Bloomberg Radio New York

"See you know these challenges economic challenge telling you about if those to get worse whether we see any kind of opposition within the fairly but for now we see nothing yeah andrew good thing that you bring up mohammed be naive because some people say that removing him completely especially as interior minister that might have been excessive i mean he was a top official for counterterrorism in saudi arabia could we see some backlash from the old guard i'm i'm not sure a idle i think so i mean it's it's certainly was big howard been in charge of the interior ministry was key in fighting alqaeda and islamic state we've had a few attacks few attempted attacks in saudi arabia that were thwarted and he was really at the forefront of that so you take somebody who was really leading for very forcibly removed from with somebody look experience that's got some people questioning but but i think that that's going to lead to any any lease at the moment again the transition seemed smooth mbn seems to have gone off very gracefully with an and the new prints perhaps his body bought himself some from time on on the outside we also know that mohammadi naya was washington's main man in saudi arabia and we have heard that president trump has congratulated now the new crown prince how do you expect this relationship to develop well the while the us relationship with saudi arabia has always been very into the the the country's oil company was was formerly the arabian american oil company the gcc is is the world's secondbiggest buyer of military equipment after the united states and and of course most of the bombers a nine eleven were saudi arabian so for good or for bad that relationship has always been very intimate i think the relationship between the new crown prince and us president trump is very close the they were together in the white house the troublemakers first foreign stop in saudi arabia his face was projected onto one of the hotels of the city and then of course trump yesterday was among the first to call the new prints to congratulate him so it's a relationship that's very close i think.

interior minister official saudi arabia howard mohammadi naya trump oil company gcc military equipment united states mohammed washington president saudi arabian