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for Ilaf of London: Elaph continues to read the book of Ali al-Naimi From the Desert: My Bedouin Journey to the World Oil Center, In which memoirs represent a self-history of events that shaped his age in the global oil arena. Here is the fourth and final reading. In 1965, Prince Bandar, the Saudi ambassador to Washington, asked me how oil could be used. To strengthen the US-Saudi relationship, I told him that he should talk to Peter Bigor, the CEO of Texaco, who said that Saudi Arabia was open to business and that the United States would agree to work in sales and distribution areas in the United States. Downstream operations in America itself, but global companies Wants to enter the primary oil and gas projects of Saudi Arabia, that is, the operations of discovery and production, or the so-called saying Ab Stream. "From Naimi's point of view, Saudi Aramco is more than capable of developing and exploiting oil wealth: Saudi Arabia does not need US and international companies:" C & # 39; is a pride for us, why should we allow foreign companies to make profits at our expense?
He added: "We agreed that any investment by international companies should be linked to the construction of the vital infrastructure needed to Kingdom, which has become the gas initiative and has selected 8 companies to participate in three core projects worth $ 25 billion. Two projects. "
In the eyes of al-Nuaimi, these international companies are unrealistic in their demands for greed because they require guarantees of an annual yield of 18 to 20%, and we can not guarantee more than 10 to 12%. "Requests from companies."
ExxonMobil's chairman, Lee Raymond, has attempted to exploit his relationship with Foreign Minister Saud al-Faisal for better conditions. Prince Saud al-Faisal asked me to go and my negotiating team in California to meet Raymond. At the meeting, I told him, "You want to benefit unfairly." In conclusion, foreign companies gave us gas exploration and production projects, of which Shell and Total, Saudi Aramco entered into joint ventures with Russian Lukoil, Chinese Sinopec, Italian Eni and Repsol, and we received the unconditional support of Crown Prince Abdullah. "
Can not cut production alone.
Ali al-Naimi: the road to OPEC is endowed with difficulties
Insha Allah
Clash of Cultures, recalls how the Japanese have spoken, God willing, of the King as official approval, creating confusion among officials of Aramco and Japanese society.It appears that the Japanese Prime Minister, Mizu Obuchi, has spoken to the king: "God willing," the Japanese Prime Minister understood that it was an official agreement to give Nippon Oil rights over oil concessions in Saudi Arabia.
Al-Naimi went to Washington in April 2001 and met Dick Cheney, former Defense Minister and CEO of Halliburton, who discussed the need to increase oil production following the dot-com bubble between 1995 and 2000.
Naimi points out that the former US Secretary of Energy Spen Abraham said that Saudi Arabia was a solid ally in the world, "I returned to optimistic Saudi Arabia that the Bush administration would be a good ally of our country."
Lightning had took place on 11 September 2001 and attacks were perpetrated by members of al-Qaeda, mostly of Saudi origin. We insisted that the producers outside OPEC participated in this reduction, Norway, Mexico and Russia accepted.
Al-Naimi reports that Crown Prince Abdullah visited US President Bush on his ranch. In Texas, a group of elderly Caucasian Americans greeted him at the airport in the '70s and' 80s. They did not protest the visit but offered the Crown Prince roses, flowers and gifts. It turned out that they were retirees who were working for Aramco, which warmed the Crown Prince and was a comforting sight.
In 2004, global demand was restored and supplies declined, with oil prices exceeding $ 50 per barrel. On August 1, 2005, the kingdom called for the death of King Fahd, who was in power for his crown years ago
After Hurricane Katrina, the wells, refineries and facilities of the Gulf of Mexico have been closed. All theories of oil depletion or oil wasting proved to be wrong, he said.
On the occasion of the publication of his last book
Ali al-Naimi at the Institute of Chatham House
Saab and l & # 39; Egypt
In Chapter 17, For Science And Technology Achieved Between 2006 And 2009. King Abdullah Has Realized His Dream Of Creating A Prestigious University, Which Is Important To Naimi Personally
There Are Many Universities In Arabia Arabia to meet the educational needs of students, but King Abdullah wanted a contemporary university Beit Hikma. Aramco is responsible for building the university and the necessary infrastructure. Research institutes, retirees and university graduates were hired and visited universities such as Cambridge in Britain, Stanford and Berkeley in the United States.
In October 2007, Saudi Aramco began building foundations for the university and held a grand ceremony attended by King Abdullah and 1,500 important personalities, and this was not the case.
The king signed a directive to allocate $ 10 billion in Aramco's university income account and found that it was insufficient. Al-Naimi asked the king to ask him for an additional $ 10 billion: "You are a man hard to insist on."
A massive and deliberate campaign of recruitment of university and university officials from around the world began, an immense challenge that brings satisfaction and pleasure.
Ali al-Naimi, OPEP stranger: I was wrong
Interesting pictures taken from the book From the Desert Al-Naimi remembers the allocating huge budgets to build new cities, industries and joint ventures with Sumitomo Japan and the US chemical giant Du Chemical, as part of the development of petrochemicals and diversification of the economy, as well as major projects in Jubail. The price of oil was high, about $ 103.95 on March 3, 2008.
As usual, international pressure on Saudi Arabia to do something to lower prices has been used. What surprised Naimi was the ignorance of European and American leaders about the mechanisms of the oil market, and they said that they needed lessons to learn how oil markets work on the ground, not like the say the theorists.
When former British Prime Minister Gordon Brown asked Saudi Arabia to increase its production, Al-Naimi asked him, "Are you ready to buy the extra quantities?
Saudi Arabia announced that it would increase production by 200,000 barrels per day to 9.7 million barrels, the highest level since 1981.
The world changed with bankruptcy from Lehman Investment and Finance on September 15, 2008. For less than $ 60 a barrel, then less than $ 40 in December. OPEC has made significant cuts, raising it to 4.2 million barrels. Saudi Arabia's production fell to 7.7 million barrels a day and 2009 prices rebounded to $ 40-50 and $ 60 in June 2009.
Al-Naimi spoke about the situation. alternative energy, stating that Saudi Arabia is interested in solar energy and environmental protection. Saudi Arabia should use advanced technologies to mitigate the effects of carbon dioxide on the environment Saudi Arabia uses 800,000 tons of carbon dioxide and other gases transported by pipeline from the Hawiyah facility to its natural gas production facilities. In the Ottoman where is right [AliAl-Naimiditcequ'itnewcouldn'tplustot
The leader of the OPEC remembers: I do not trust the Russians
In the 19th and last chapters of the book, Al-Naimi says that the economic success of the West was based on the availability of oil. "But now we have a new element, rock oil: prices over $ 100 in 2009 are paving the way for investment."
"We are still waiting for Saudi Arabia to cut production to support prices, and Saudi Arabia suffered a lot in the 1980s and 1990s to help prices, but in 20 "Naimi mentions some of the quirks in the negotiations with non-OPEC producers such as Kazakhstan, Russia, Mexico and Norway. "I raised my hand and I scored zero," said one of the participants. There was another meeting with Russia and Venezuela at the Park Hyatt Vienna, far from the media lights. We entered the hotel from an elevator and found that it could not accommodate more than two people and was in the middle of the kitchen for another elevator. Any agreement was reached where each country provided technical excuses to escape the commitment to reduce production. I filled my papers and prepared to leave the meeting room to surprise the public who thought that Saudi Arabia would accept the reduction alone. So the meeting is over. "
" Saudi Arabia remains the most reliable and reliable source of oil to supply the world with oil, "he said .I told reporters on several occasions: If I knew what would happen tomorrow, I would be sitting in the casinos of Las Vegas or Macao. "
A journey of the nomadic world at the heart of the world oil decision
Excerpts from the book of Ali al- Naimi
His life is full of achievements and challenges
Ali al-Nuaimi … From the desert to oilfields
Al-Nuaimi summarizes his experience in a book published in December
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