Sections

Contact MENL

<advertisement>




BUSH SETS SAUDI GAS CONTRACTS AS PRIORITY

WASHINGTON [MENL] -- The Bush administration has set as a priority the winning of Saudi energy contracts that could reap tens of billions of dollars in revenue over the next decade.

Officials said the effort includes the State Department, the Pentagon, the Energy Department and the White House.

The focus of the administration is to obtain the lion's share of the $30 billion worth of projects to explore and develop Saudi natural gas resources. U.S. energy firms are battling their European rivals for the contracts, expected to be issued by the end of the year.

Officials said the administration has sought to avoid delays in the Saudi project amid the U.S.-led war in Afghanistan. They said the projects could be delayed by no more than a month amid the Saudi focus on security concerns.

NOTE: The above is not the full item.

This service contains only a small portion of the information produced daily by Middle East Newsline. For a subscription to the full service, please contact Middle East Newsline at:
editor@menewsline.com for further details.




Middle East


Subscribe - The Whole Picture

Free Headlines Service

Middle East Energy

Gulf Defense

Middle East Newsline To Go

Aircrafts in the Middle East