"Our two countries agreed to strengthen the protection of energy resources, enhance peaceful nuclear cooperation, broaden the fights against global terrorism and bolster nonproliferation. Our global economy depends greatly on Saudi Arabian energy...The US has a keen interest in helping the Saudis protect their energy infrastructure against terrorism, as demonstrated by the unsuccessful terrorist attack against the kingdom's Abqaiq plants in February 2006."
The United States has agreed to help oil giant Saudi Arabia protect its energy installations against possible terrorist attacks, the White House said Friday in a statement.
"The market is well supplied. More oil will encourage more squandering of oil in consuming countries...We will continue sending oil to the US at the present levels of 1.5-2 million b/d, and [continue] operating our refineries there."
Venezuelan President Hugo Chavez told a group of visiting newspaper editors from the US that while he does not favor OPEC countries or even Venezuela on its own increasing oil exports, he will continue to send oil to the US at the present level of 1.5-2 million b/d.
Updated: May 16, 2008
|
