Saudi Arabia Holds Investment Summit in Brazil, Plans to Invest $15B
June 14th, 2024
Via Al Monitor, an article on Saudi Arabia’s plans to invest $15 billion in Brazil, bolstering already strong economic relations based largely on mining, meat and oil: Saudi Arabia is set to invest billions of dollars in Brazil, a Brazilian official said at a conference in Rio de Janeiro this week, as mining, trade and geopolitical […]
Read more »Saudi Arabia Courts Latin America and the Caribbean
June 9th, 2024
Via The Americas Quarterly, a report on Saudi Arabia’s increased engagement with Latina America and the Caribbean: Last November, a group of Caribbean dignitaries departed from Barbados and Miami in two private jets headed for Riyadh. Following the inaugural CARICOM-Saudi Arabia Summit, they returned with a $2.5 billion investment commitment for Caribbean development. The pledge, announced by Guyana’s President Irfaan Ali, was […]
Read more »Saudi Fund Invests In China Effort To Create Rival To OpenAI
June 8th, 2024
Courtesy of The Financial Times, a report on a Saudi Arabian fund’s recent investment in China’s most promising generative AI start-up: A Saudi Arabian fund has backed China’s most prominent generative artificial intelligence start-up, becoming the only foreign investor in the country’s efforts to create a homegrown rival to OpenAI. Prosperity7, part of the state-owned […]
Read more »China’s Sinopec to Build Gas Pipelines for Saudi Aramco in $1-Billion Deal
June 8th, 2024
Via OilPrice.com, a report of China’s Sinopec’s plans to build gas pipelines for Saudi Aramco in $1-Billion deal: A subsidiary of China’s energy giant Sinopec has signed a $1.3-billion deal with Saudi Aramco to procure and build pipelines for an expansion of the Kingdom’s natural gas distribution network, the Chinese firm said on Thursday. Under the turn-key fixed-price […]
Read more »East Meets Middle: China’s Blossoming Relationship with Saudi Arabia and the UAE
June 8th, 2024
Via the European Council on Foreign Relations, a report on China’s blossoming relationship with Saudi Arabia and the UAE Summary The blossoming but still immature relationship between China and the two key Gulf states, Saudi Arabia and the UAE, has implications that reach far beyond the Middle East. Saudi Arabia and the UAE are emerging […]
Read more »How Saudi Aramco Plans To Win The Oil Endgame
June 2nd, 2024
Via The Economist, an article on how the world’s biggest energy firm is the linchpin of the kingdom’s ambitions: The managers of Saudi Aramco could have the cushiest jobs in the energy business. The state-run oil colossus produces 9m barrels of oil a day, more than any other firm and nearly a tenth of the world’s […]
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.