Military Review

Dust in the eyes in the Saudi desert: the sunset of the kingdom? (CounterPunch, USA)

82


The Kingdom of Saudi Arabia (KSA) is in a desperate financial situation. Since the collapse of oil prices, money from the kingdom has flowed from all the cracks. Billions of dollars were allocated to them to support counter-revolutionary governments throughout the Middle East, especially Egypt, it was deeply involved in the Syrian conflict, and burns about 6 billions of dollars a month, waging war with impoverished Yemen.

To reduce the budget according to the Institute of International Finance, the country needs a barrel of oil to cost 104.6 dollars; today, the price is about 45 dollars per barrel.

With finance, it became so tense that, being the second largest buyer of weapons in the world in 2010-2014, the kingdom, as acting Crown Prince Mohammad bin Salman (MBS) said, intends to buy up from 50% of weapons from local manufacturers to help diversify economy. This idea is the same “crane in the sky” as the transformation of the KSA economy into the “innovative” one in the next few years.

Evidence of future financial difficulties is the fact that commercial banks have tightened the conditions for granting loans to everyone who is not a member of the government, and the government is the primary borrower, according to a high-ranking financial official in Riyadh. “There is a liquidity crisis in the banks, and it is precisely the government that is taking place, which is why companies are suffering,” he said.

Same история throughout the Middle East - the economy of the entire region is inextricably linked to the Gulf oil dollars - with wage delays and non-payment of contracts due to cash problems at the KSA government and large companies. Indeed, this week the Saudi construction company Binladin Group fired more than 12 thousands of Saudis, and 77 thousands more foreign workers pointed to the door.

According to some sources - in the press this is not reported - the state petrochemical giant SABIC also dismisses workers. With the drying up of public investment, like that of the oil giant Aramco, the money instead goes to Maaden, a mineral and gold company that remained in the shadow when oil prices were high, and now, in times of cheap oil, in priority.

In an attempt to mitigate such economic pressure, Riyadh plans to “Thatcher’s” sale of large state-owned facilities, seeking to knock out more money. This caused a big commotion and a lot of comments in the financial press, since the top of the pyramid is the Aramco privatization plan, and the stock market will have up to 5% of its shares, which is considered to be the world's largest oil producer, estimated at around 2 trillion dollars. The plan is related to the recently launched MBS “2030 Perspective”, to diversify the economy of the kingdom, with the departure from the production of hydrocarbons, which gives 70% of government revenues and makes 90% of exports. MBS has even stated that the economy will get off the oil needle by 2020; strange date because it coincides with when, as the IMF predicted, the kingdom can become actual Bankrupt.

The problem is that the KSA economy will not be diversified by that time, and, most likely, by the 2030 year too. As one analyst put it, MBS "rubs on everyone's glasses," hinting that a country can stay afloat without oil. Of course, oil is crucial for the possibility of diversification in the first place. And if oil revenues are not always available, but they are not available, then financing from private sources is necessary, and access to them in commercial banks is also limited. Moreover, Riyadh has been declaring the oil needle for decades, and yet the most notable financial success of these efforts is in petrochemistry, a secondary branch of oil production.

There was much talk about Saudization - hiring native Saudis instead of foreign workers. It also failed: now the Saudis make up the entire 40% of the labor market (and slightly less than the 30% work in the public sector). Even with the requirement for firms to hire Saudis, the private sector is reluctant to do that, as it turns out from a conversation with any manager, if this conversation is not intended to be printed: “I hired several Saudi women, as they are likely to be present at work, but hire men? Not. If I hire male Saudis, keeping them will be a problem, and often they don’t even show up at work.

In addition, they are difficult to dismiss. This is a headache, and it is counterproductive, ”said one of the managers of a Saudi corporation. Ultimately, companies hire foreigners to do the work the Saudis have to do. The same applies to all dirty and difficult work at the usual summer temperature 104 degrees Fahrenheit (+ 40 Celsius). However, by 2030, KSA will need an additional whole 6 of millions of jobs to meet the needs of a growing population.

“The government is no longer in a position to distribute jobs as horrible. It must overcome the resistance of the private sector, but this requires a radical reform of the education system, which will take years, since it is largely focused on scientific research, such as Islamic studies or mathematics, and not on professional and technical specialties, such as plumbing. This is a problem, and these jobs must be filled by the Saudis, otherwise there will be huge unemployment, ”says one London analyst.


Incentives for working in the private sector also need to be revised, because the unemployment program provides for the payment of benefits around 2 thousand riyals (533 dollars) per month, which is higher than wages for many jobs. Such privileges are under threat, but this is something Riyadh cannot afford to retreat because financial support from the government is vital for the government to remain in power. Even when the government tried to cut costs, for example, by cutting subsidies for water and electricity in December last year - water prices soared by 1000% - public outrage forced Riyadh to back down, and the Minister of Public Utilities in March said that citizens could permission to drill own water wells due to rising water prices; in April he was fired.

The biggest problem is with the MBS plan. The privatization of Aramco will force the country, as well as the company, to be more transparent, and this is what the Saudis have resisted since the nationalization of Aramco, and the updated estimates of oil reserves have not been published since the company was removed from Delaware. in 1980's.

Indeed, in order for investors to have at least some confidence in Aramco's IPO, it will be necessary to publish data on oil reserves, yet the executive committee from 9 members knows the true numbers, according to a source from Aramco. Moreover, based on the despatch of the US embassy from 2007 of the year leaked into open access in 2011, Saudi Arabia overestimated estimates of crude oil reserves by 40%. Sadad Al Husseini, the former president and leader of exploration at Aramco, was forced to tell reporters after this disclosure that American diplomats “misunderstood him,” and that he “in no way questions the data on Saudi Arabia’s proven reserves.”

Such concerns about actual stocks, as well as the price of oil on which to base the IPO, on 45 dollars per barrel or on optimistic 100 dollars? - likely to result in double listing, in CSA and in London or New York. In any case, only the major players are likely to get their share, because in order to gain access to the Saudi Tadawul Stock Exchange, foreign investors must have approximately 5 billion dollars in asset management.

The key figure in all this hype around 2030 Perspective is MBS, the son of an elderly and reportedly in a poor condition King Salman. Gamble on the subject of how long King Salman will last and whether he will replace the multimillion “if” - MBS on his throne. Undoubtedly, MBS annoys many in the ruling circles of KSA, as well as among the legion of members of the royal family. He is annoying and rich, constantly claiming that they have to contribute to the transformation of the country, he imposed a tax on undeveloped territories, on uncultivated land, which has long been used as a reward for services and for speculation. If MBs suffer disgrace, what will happen to Perspective and the privatization plan? Judging by how things are now, all this will turn out to be empty of dust in the eyes. But the clouds are undoubtedly gathering, as oil prices continue to be low, problems in the kingdom, as in the region, are multiplying, and, even from the most optimistic point of view, diversification efforts will go into the sand.
Author:
Originator:
http://www.counterpunch.org/2016/05/05/hot-air-in-the-saudi-desert-a-kingdom-in-descent/
82 comments
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  1. avvg
    avvg 26 July 2016 13: 30
    +18
    In my opinion, the Saudis are no longer easily able to sponsor terrorists.
    1. oldseaman1957
      oldseaman1957 26 July 2016 13: 35
      +42
      If I hire Saudi men, keeping them will be a problem, and often they don’t even show up at work.
      - At last! To these smug sheikhs, it was time for a roasted rooster. They spoiled around the world a lot, God will give, they will remember the financing of terror, and not only that ...
      And the "Saudi men" are the very place in the desert to graze camels, otherwise they got too hungry!
      1. Temples
        Temples 26 July 2016 14: 58
        +7
        So far, that they have money like a fool shag.

        I think "- Finally!" has not yet arrived.
        The roasted rooster may already be moving toward them, but they are too greyhound. And they feel like greyhounds only with a good supply of bucks.
        Otherwise, the arrogance immediately leaves.
        1. VP
          VP 26 July 2016 17: 42
          +6
          Quote: Temples
          Otherwise, the arrogance immediately leaves.

          The current generation of Saudis did not live badly. The standard of living only improved all the time.
          At the same time, their level of influence and interest in them grew.
          Hence the certainty that they are the dirt of the earth.
          They even ruined OPEC simply because they thought that they would not be interested in anyone’s opinion there and they could determine everything on their own.
          Those. they just don’t know what it is to be not greyhounds.
          But in the last few years, zrad after zrad has been raining down upon them.
      2. Penzyac
        Penzyac 26 July 2016 18: 29
        +3
        Quote: oldseaman1957
        If I hire Saudi men, keeping them will be a problem, and often they don’t even show up at work.
        - At last! To these smug sheikhs, it was time for a roasted rooster. They spoiled around the world a lot, God will give, they will remember the financing of terror, and not only that ...
        And the "Saudi men" are the very place in the desert to graze camels, otherwise they got too hungry!

        Camels graze - also worth the work. In my opinion, only the toughest law against parasitism can save them now, and its execution must be supervised by women with lashes and assault rifles, so that these men are not only afraid, but also ashamed for their worthlessness ...
    2. dumpy15
      dumpy15 26 July 2016 13: 55
      +13
      The main question: how much oil actually remains in the bowels of the SA?
      This is the greatest secret of the CA and the USA.
      1. SRC P-15
        SRC P-15 26 July 2016 13: 57
        +15
        Quote: dumpy15
        The main question: how much oil actually remains in the bowels of the SA?
        This is the greatest secret of the CA and the USA.

        We learn that there is little oil left in the SA when the United States turns its back on the kingdom.
        1. Tusv
          Tusv 26 July 2016 14: 11
          +2
          Quote: SRC P-15
          We learn that little oil is left in the SA when the US turns its back on the kingdom

          US Saudis will not abandon when. otherwise, the Shale Revolution will be covered by a copper basin. For it is too much. but really catastrophically little
          1. Temples
            Temples 26 July 2016 14: 54
            0
            The main question: how much oil actually remains in the bowels of the SA?
            This is the greatest secret of the CA and the USA.

            "The Greatest Secret" opens in one click: - laughing

            Proven oil reserves in Saudi Arabia are 268 billion barrels.
            About one fifth of global oil reserves are located in Saudi Arabia.

            And they speculate with these numbers only for playing with prices.
            I think the customer of this article is also a speculator from the exchange.
          2. Stirbjorn
            Stirbjorn 26 July 2016 15: 20
            -2
            Quote: Tusv
            US Saudis will not abandon when. otherwise, the Shale Revolution will be covered by a copper basin. For it is too much. but really catastrophically little

            They’ll rather just leave it, because the Saudis are no longer needed with their oil - the United States, with its own shale oil, not only provides for itself, but is already starting to drive for export, including to Europe
    3. The comment was deleted.
    4. Pavel1
      Pavel1 26 July 2016 13: 57
      +4
      But who started such a policy to reduce oil prices? The Americans are friends of the Saudis, so let them Arabs from the Pin_Dos and ask, "what's the matter, we don't have enough greenery?" The Iranians, who are now friends of America, the sanctions have been lifted, are doping, because they have completely squandered during the sanctions. Iran would be together with Saudi and Russia to pursue a joint policy, but they all lack intelligence for such a step ...
      1. Sid.74
        26 July 2016 14: 07
        +8
        With the drying up of public investment, like that of the oil giant Aramco, the money instead goes to the mineral and gold company Maaden

        And the king is naked ... fellow Now it is clear what it is all of a sudden, there are no such offers from SA. There is no time for CA ... as the northern fur-bearing animal rushes at a gallop ... with a fierce growl - this is all mine, this is all mine .. fellow
        Riyadh is ready to offer Moscow major investments and cooperation with the monarchies of the Persian Gulf. But not just like that. The Saudis will give the Kremlin money only if the latter gives up their stubborn support for Bashar al-Assad. The Saudi Foreign Minister reported this in an interview with Politico. In his opinion, the days of Assad are still “numbered”, and the Russians should hurry with a profitable “deal”.

        And they told you who would stretch their hands to Russia — we will cut them off along the shoulders.
    5. The comment was deleted.
    6. The comment was deleted.
    7. NEXUS
      NEXUS 26 July 2016 15: 42
      +7
      Quote: avvg
      In my opinion, the Saudis are no longer easily able to sponsor terrorists.

      Due to the difficult financial situation, these rats crawled into the Kremlin with offers and gifts ... you only need to squeeze the bastards, remembering their past deeds. They did not regret the USSR ...
      I suppose that the problems of the Saudis are the first symptom of the collapse of the entire pyramid of relations and influence, which mattresses have been creating for so long and persistently. And in this situation, one should not play with nobility with the breadth of the Russian soul. As one song says, “She died so died. .. "
    8. sgazeev
      sgazeev 26 July 2016 20: 21
      +2
      Quote: avvg
      In my opinion, the Saudis are no longer easily able to sponsor terrorists.

      It's time to return to donkeys, it never happens in life that it would always be good. Let them sell donkeys for US Democrats.
      1. win
        win 27 July 2016 14: 50
        +2
        Let them sell donkeys for US Democrats.

        There are enough of them. Already a whole batch ...
  2. win
    win 26 July 2016 13: 35
    +14
    The northern beast descended unnoticed. Choked - enough. And terrorism too ...
  3. Monos
    Monos 26 July 2016 13: 43
    +11
    Is it time for the Saudis to pay for the Crimea?

    Russia no longer discusses with the Organization of Petroleum Exporting Countries (OPEC) issues of market coordination after unsuccessful negotiations on freezing production at the April meeting in Qatar. This was announced by Russian Minister of Energy Alexander Novak in an interview with Reuters.
  4. nik-karata
    nik-karata 26 July 2016 13: 46
    +14
    Well, well, my ears were frostbitten to spite my grandmother))))) S.V. Lavrov !!! Now they are waiting for an increase in the price of oil))) Have caved in under the feet! Hooray! (three times) And in Yemen "Hurray!" Once again S.V. Lavrov !!! Yes, camel drivers have incredibly more money and oil than brains! fool
  5. Alexander 3
    Alexander 3 26 July 2016 13: 48
    +6
    What the Saudis fought for and ran into. Don't dig another hole!
  6. Tusv
    Tusv 26 July 2016 13: 50
    +11
    Darn. And they promise to make us rich. Interesting. What kind of money?
    1. EvgNik
      EvgNik 26 July 2016 14: 04
      +3
      Quote: Tusv
      And they promise to make us rich. Interesting. What kind of money?

      Pay off spent wells.
      1. MSL
        MSL 26 July 2016 14: 25
        +2
        Quote: EvgNik
        Pay off spent wells.

        Yes Yes. They will dig it out, cut it into pieces and sell it, for Rublevka, under the pits for the posts.
      2. Tusv
        Tusv 26 July 2016 14: 32
        +2
        Quote: EvgNik
        Pay off spent wells.

        I've been to Tarkosal in 2004. They say there gasoline from the land rushing
        1. GSH-18
          GSH-18 27 July 2016 01: 08
          0
          Quote: Tusv
          Quote: EvgNik
          Pay off spent wells.

          I've been to Tarkosal in 2004. They say there gasoline from the land rushing

          We also have such places in Russia. No wonder for oil areas. In Transbaikalia, for example, there are natural asphalt lakes. In our country, there are even railway embankments among the gravel of which there are many sapphires.
    2. clinch63
      clinch63 27 July 2016 08: 43
      0
      To promise something, a lot of money is not needed.
    3. win
      win 27 July 2016 10: 21
      +2
      And they promise to make us rich

      From impotence, probably. Fraud will not work!
      Yes, and they could not think of such a thing. The ears of the American donkey are visible.
  7. Arkan
    Arkan 26 July 2016 13: 50
    +3
    Life makes you live within your means, but the Saudi Lumpen accustomed to do nothing and live well at the same time, will resist future changes. The collapse of the patchwork monarchy is just around the corner.
  8. kepmor
    kepmor 26 July 2016 13: 52
    +6
    These are just flowers - the berries will be in front when King Salman goes to the forefathers!
    That's when all the fun begins ... we will wait - not long left!
  9. Yugra
    Yugra 26 July 2016 13: 53
    +3
    A chicken by the grain. So soon we will forget that there was such a territory, a mattress-shaped Saudi ...
  10. prior
    prior 26 July 2016 13: 55
    +3
    Now raising oil prices is not so easy. Supply exceeds demand.
    We are waiting for the Arab sheikhs to go in peace with outstretched hands.
    "Do you know how to do something? No? Then there is something to fall into despair."
  11. engineering
    engineering 26 July 2016 13: 58
    +4
    The economy of Saudi Arabia is based on the oil industry, which accounts for 45% of the country's gross domestic product. 75% of budget revenues and 90% of exports are oil product exports. Proven oil reserves amount to 260 billion barrels (24% of the known oil reserves on Earth). Moreover, in Saudi Arabia this figure is constantly increasing due to the discovery of new fields. Template: No AI Saudi Arabia plays a key role as a “stabilizing producer” in the Organization of Petroleum Exporting Countries, through which it regulates world oil prices. Link:
    http://ru-wiki.ru/wiki/Саудовская_Аравия
    We finished badly with the decline in oil prices, they wanted to bring Russia to its knees, "It was smooth on paper, but they forgot about the ravines." Sponsors of terrorists, if they stop sponsoring ISIS and other evil spirits, they will arrange such an armageddon for them that it will not seem enough.
    1. voyaka uh
      voyaka uh 26 July 2016 15: 34
      +4
      So far, Russia has been continuously increasing production for several years.
      oil, going to first place in the world, approaching Soviet production records.
      And this despite the overabundance of oil in world markets.
      Oil does not know what to do. Strategic vaults filled
      not only in the USA, but also in China. Tankers have nowhere to unload.
      In the United States, oil is already stored in the railway. tanks on siding.

      What for? Can you explain?
      1. Asadullah
        Asadullah 26 July 2016 16: 44
        +3
        What for? Can you explain?


        Why is it stored or why is it mined?

        They then store that they expect price increases in the near term of processing and sales. And then they produce it, that in the long term, the demand for oil will inevitably fall, given where the engineering of machine builders is imprisoned.
    2. The comment was deleted.
      1. Mikhail Krapivin
        Mikhail Krapivin 26 July 2016 15: 39
        +1
        Oil is money. And there is never much money.
    3. Saratoga833
      Saratoga833 26 July 2016 21: 13
      0
      Quote: engineering
      Sponsors of terrorists, if they stop sponsoring Daesh and other evil spirits, they will arrange such armageddon for them,

      They will not do anything for a very simple reason - there will be no financial support for these barmalei - their number will immediately begin to decrease exponentially! Do not have time to arrange anything!
  12. parusnik
    parusnik 26 July 2016 13: 59
    +7
    We stock up on seeds, wait, sir ... By the way, the proposals of the Saudis of Russia, to refuse Assad ... this is an offer from despair ...
  13. iliitchitch
    iliitchitch 26 July 2016 14: 06
    +4
    a piece of Desert wanted to become a Great Slice. Try it . The result is logical. Dot ru .
  14. Altona
    Altona 26 July 2016 14: 08
    +3
    Assad hinders Qatar more. Qatar wants to supply pipeline gas to Europe. And if the Saudis want to establish Wahhabi regimes, then their "kings" and "sheikhs" will appear there and worse than this rotten monarchy, and they will not lead a round dance with the Saudi kings, but will simply demolish this mirror kingdom. In addition, it was rumored that the Saudis had 15-20 tactical nuclear weapons in their bins. Allah forbid if this is so.
    1. iliitchitch
      iliitchitch 26 July 2016 14: 37
      +2
      Quote: Altona
      Assad hinders Qatar more. Qatar wants to supply pipeline gas to Europe. And if the Saudis want to establish Wahhabi regimes, then their "kings" and "sheikhs" will appear there and worse than this rotten monarchy, and they will not lead a round dance with the Saudi kings, but will simply demolish this mirror kingdom. In addition, it was rumored that the Saudis had 15-20 tactical nuclear weapons in their bins. Allah forbid if this is so.


      Fuck them, not a "pipe". Some cathars have divorced here ... "You are at the door, they are at the window ..." It's time to "finish this business a long time ago."
    2. voyaka uh
      voyaka uh 26 July 2016 16: 12
      +4
      "Qatar wants to supply pipeline gas to Europe" ////

      Qatar sells liquefied gas to tankers.
      With pipelines - hassle. They must be served, protected from terrorists,
      contain pumping stations, supply pumps with electricity. To the pipes
      "oil thieves" are connected ... stop
      1. twviewer
        twviewer 26 July 2016 17: 52
        +2
        Quote: voyaka uh
        Qatar sells liquefied gas to tankers.
        where the cunning Americans for the Qatari bill do not deliver
        and he wants a pipeline, because port terminals cannot be placed anywhere, and it is expensive, and the Qataris have very large tankers, so a deep-water port and a terminal with storage facilities are appropriate. So the pipeline is more optimal in everything except the "flexibility" of supplies :)
        1. voyaka uh
          voyaka uh 26 July 2016 23: 36
          0
          "a deep-sea port is needed and a terminal with storage is appropriate." ////

          Liquefied gas receiving and storage terminals are being built throughout Europe.
          Dozens. From the Baltic states to Spain.
          1. twviewer
            twviewer 27 July 2016 03: 25
            0
            Quote: voyaka uh
            Liquefied gas receiving and storage terminals are being built throughout Europe.
            Dozens. From the Baltic states to Spain.

            21 but not all ports are the same, some not the largest tanker can enter only at high tide :) and Qatar people have the largest gas carriers
          2. The comment was deleted.
          3. win
            win 27 July 2016 12: 01
            +3
            Liquefied gas receiving and storage terminals are being built throughout Europe.
            Dozens. From the Baltic to Spain

            Baltic States: A terminal for the reception and storage of liquefied gas was built in Klaipeda.
            They abandoned Gazprom and began to buy cheap Norwegian liquefied natural gas.
            All construction costs were passed on to consumers - residents and enterprises of Lithuania. Prices have tripled for them. But what about! The state has no money!
            Result: residents began to consume less, enterprises began to close, the population began to travel to Europe to earn money.
            And now the terminal is used by no more than 20%.
            But even today, the Lithuanian Ministry of Energy is not shy to say: the main thing is independence from Russia, no matter how much it costs.
            The image of an independent state prevailed over reality.
            And who needs such terminals?
  15. pavelty
    pavelty 26 July 2016 14: 10
    +3
    Well 404th already how much bankruptcy predicts? All right, soon, and they flounder there for now. And the Saudis with their oil are unlikely to disappear in the near future ...
    1. Sid.74
      26 July 2016 14: 16
      +3
      Quote: pavlentiy
      Well, 404-st already how many bankruptcy predicts?

      Yesterday, Fitch confirmed Ukraine's default rating.
  16. Skubudu
    Skubudu 26 July 2016 14: 16
    +4
    For several millennia, the Saudis were assholes in the sand, 60 years lived elegantly at the expense of oil ...
    Enough time to return to a deserved place in the world, i.e. ass in the sand.
  17. MSL
    MSL 26 July 2016 14: 28
    +4
    I read it. The mood is like in an old joke: "Rabinovich's dacha burned down. I don't know him. But I'm pleased."
  18. JonnyT
    JonnyT 26 July 2016 14: 33
    +3
    forward to historical roots - desert, camels, dung instead of firewood
  19. AID.S
    AID.S 26 July 2016 14: 36
    +2
    When is the funeral?
  20. Evil 55
    Evil 55 26 July 2016 15: 02
    +1
    Saudi Arabia is an anti-morale state, the cradle of ISIS and world terrorism, dreaming, like Matrasia, of dominance in the Middle East .. And only global consolidation against extremism or the accidental loss of a nuclear bomb over Riyadh can stop them ..
  21. iliitchitch
    iliitchitch 26 July 2016 15: 04
    +2
    Quote: pavlentiy
    Well 404th already how much bankruptcy predicts? All right, soon, and they flounder there for now. And the Saudis with their oil are unlikely to disappear in the near future ...


    Kapets they will take place. But when all this 404th garbage with Arabs in the trailer is covered with a basin - uh, I don’t envy us ... BSL-2 (Bolshaya Sovkovaya, model two) has already been prepared to be raked. And after all, it’s yelling that Russia is to blame, parasites.
    But the oil in Karsk is full, RANGE.
    1. voyaka uh
      voyaka uh 26 July 2016 15: 39
      +3
      "But there is a lot of oil in Karsky, WE WILL REMOVE" ///

      Oil can only be raked in one place.
      I will not call him sad .
      Venezuela has already raked there, and Saudia is rowing there too.
      1. Monos
        Monos 26 July 2016 22: 01
        +4
        Quote: voyaka uh
        Oil can only be raked in one place.

        Well, yes, well, yes ... In the meantime, get ready to master the "Leviathan". Harsh Israeli tihushniki. No.
        1. voyaka uh
          voyaka uh 27 July 2016 11: 11
          +1
          You are right.
          Israel has strong fears that money from gas production
          will destroy our high-tech economy.
          ("Dutch disease")
          Therefore, laws that restrict gas exports were introduced in advance
          and limiting the government in the distribution of money from mining.
          1. Monos
            Monos 28 July 2016 08: 29
            +4
            Quote: voyaka uh
            Therefore, laws were introduced in advance that limited gas exports and limited the government in the distribution of money from production.


            Oh, wei!
            Well, of course, I have no doubt that the adoption of these laws is dictated by concern for the kosher Israeli economy, and not at all by the desire to prevent loafers from the government to such a sweet cake, and the restriction on exports will concern precisely the volumes, and not the number of operators involved.

            The consortium of companies that will be involved in the development of Leviathan includes: Israeli Delek Drilling (22,67%), Avner Oil & Gas (22,67%), Ratio (15%) and American Noble Energy (39,66%).
  22. Alekspel
    Alekspel 26 July 2016 15: 43
    +6
    In Russia, according to the arrogant Saxons, tsarism is a prison of peoples and satraps, and the Saudis, as well as the English kingdom, are the triumph of the most advanced democracy. True, in Saudi Arabia a little head chopping, well, yes this is nonsense, they are not from evil, but simply such a medieval tradition. And we respect them, although a monarchy, but it is a democratic monarchy. These are double standards, you understand.
  23. krops777
    krops777 26 July 2016 15: 44
    +2
    The Kingdom of Saudi Arabia (KSA) is in a desperate financial situation.


    Well, what did they want to eat fish and sit on the throne, war is expensive.
  24. afrikanez
    afrikanez 26 July 2016 16: 36
    +2
    the transformation of the KSA economy in the next few years into an “innovative” one.
    I have not read more frank nonsense. An Arab and an innovative economy are two completely different things. Do not be oil, about them as well as about Mongolia, no one has ever heard of. fool Why do people need dust and their eyes, they would immediately say that they are a "ferret" lol
  25. matross
    matross 26 July 2016 17: 45
    0
    Well, maybe the KSA has problems ... There are several monkey kingdoms around the oil dump there - Qatar, Kuwait, the UAE ... They still have a bunch, they don’t even think about dying. KSA will bend down and they will stink their religion of oil and gas. They must finish all. The world thought that KSA was driving down oil prices, haha, look who increased production dramatically over the years ...
  26. certero
    certero 26 July 2016 19: 01
    +2
    Quote: Temples
    So far, that they have money like a fool shag.

    Damn, what's worth typing correctly? No comma after the word "yet" is needed.
    Gentlemen, comrades, citizens, well, let's express our thoughts competently. Otherwise, we will soon cease to understand each other. Especially all these "not" and "no" particles
    1. win
      win 27 July 2016 10: 36
      +3
      Well, let's express our thoughts correctly. Otherwise, we will soon cease to understand each other. Especially all these "not" and "no" particles


      A soft sign is placed where it is not necessary. And where necessary - do not put. Well, commas are scattered throughout the text anywhere.
      If there is a mess in your head, then it will be the same in business.
  27. Bramb
    Bramb 26 July 2016 22: 20
    0
    Nice try, but no, author.
    An article with a claim to analysis, and, in fact, collected foam from the media in some places - the lowest grade.
    Typical propaganda article and disrespect for readers.
    The author is that, except for monkeys did not communicate with anyone? The level of ukrobanderovtsev and their cheap propaganda. Why is this lousy little article with an under-analysis of the level of the baseboard?
    1. matross
      matross 26 July 2016 23: 03
      +1
      This is a translated article. Posted by Paul Cochrane. Do you turn to him? fool He is unlikely to come here ... so overthrow the "American partner" fearlessly laughing
  28. faterdom
    faterdom 26 July 2016 23: 11
    +1
    I hope we will witness the liquidation of this shaitanian "kingdom". Deserved. We even have a trained leader who can be trusted to control Mecca and Medina.
  29. Wolka
    Wolka 27 July 2016 06: 00
    -1
    everything goes to the fall of the monarchy and the establishment of a republican form of government, although this will happen soon
    1. certero
      certero 27 July 2016 17: 11
      0
      Quote: Volka
      everything goes to the fall of the monarchy and the establishment of a republican form of government, although this will happen soon

      What kind of republican form can there be? So far, the only power in the Arab countries is this dictatorship. Whatever they call her.
  30. win
    win 29 July 2016 10: 47
    +2
    What kind of country is Saudi Arabia?

    Here rabbits were brought to Australia, they got divorced ...

    And pigs were brought to New Zealand.

    An instructive historical experience.

    And if you bring to the Arabian Peninsula ...?