We will not be ignored

Saudi Arabia met with the seven major US petroleum companies to discuss the possibility of their participation in the country's energy industry. The meeting marks the first time that the Saudis approached oil companies instead of the other way around. Saudi Arabia's decision to open its oil reserves to foreign development is part of its effort to alleviate the country from economic difficulties.
Not for the first time in recent history, the Saudis are talking to the oil majors, presumably about the possibility of them participating in the country's upstream sector It would [...]