Saudi Aramco Acquires $3.4B Stake in a China Petrochemical Firm
July 21st, 2023
Via Al Monitor, a report that the world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude: Saudi Aramco has acquired a 10% stake in China’s Rongsheng Petrochemical Co. Ltd. for 24.6 billion renminbi ($3.4 billion), through its subsidiary Aramco Overseas Company BV, based in the Netherlands, the world’s biggest […]
Read more »How Saudi Arabia is Buying the World
July 21st, 2023
Via The New Statesman, a look at how how Saudi Arabia’s model of capitalism without democracy thrives and the prospect of a Saudi century has consequences for us all: Illustration by Spooky Pooka At the centre of the 2018 blockbuster film Black Panther is Wakanda, a hyper-modern civilisation on the African continent kept from the modern world […]
Read more »Saudi Arabia to Give Tunisia $500M Amid Economic Crisis
July 20th, 2023
Via Al Monitor, an article on Tunisia’s economic lifeline from Saudi Arabia as it continues to seek help from the kingdom as well as the EU and the IMF as it battles debt and inflation: Saudi Arabia announced $500 million in assistance to Tunisia on Thursday as the North African country continues to struggle with an economic and […]
Read more »The Gulf Goes Green
July 13th, 2023
Courtesy of Foreign Affairs, an article on whether the world’s fossil fuel giants can lead the energy transition: In the last few years, the global energy outlook has been transformed. The rise of populist politics and a growing sense of urgency about climate change have roiled debates about energy policy in wealthy countries, generating a […]
Read more »The Emerging Contours of Saudi-Emirati Competition in Southeast Asia
June 28th, 2023
Courtesy of The Diplomat, an article on the two gulf states’ growing diplomatic and economic outreach to southeast Asia: Early last month, Sheikh Mohamed bin Zayed, the president of the United Arab Emirates (UAE), met with Vietnam’s Vice President Vo Thi Anh Xuan in Abu Dhabi. The meeting was ostensibly for discussions on the upcoming […]
Read more »Saudi Arabia’s Great Transformation
June 24th, 2023
Via Project Syndicate, a look at Saudi Arabia’s transformation: An unprecedented experiment in economic and social transformation is playing out in Saudi Arabia, and the outcome could have profound implications for the entire Arab world. The main goal of the kingdom’s Vision 2030 plan is to shift the economy away from fossil fuels. It is […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.