London (Platts)--16May2008

The United States has agreed to help oil giant Saudi Arabia protect its
energy installations against possible terrorist attacks, the White House said
Friday.

As part of the agreement, the US will help Saudi Arabia develop civilian
nuclear power.

In a statement issued after talks in Riyadh between President George W
Bush and Saudi Arabia's King Abdullah, the White House said the two countries
had agreed "to strengthen the protection of energy resources, enhance peaceful
nuclear cooperation, broaden the fights against global terrorism and bolster
nonproliferation."

The statement said Saudi Arabia bore "a special responsibility for
protecting key energy facilities of global importance" and that the world
benefited from its "abundant" supplies of energy.

"Our global economy depends greatly on Saudi Arabian energy," the
statement said. "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," it continued.

"To this end, the United States and Saudi Arabia have agreed to cooperate
in safeguarding the kingdom's energy resources by protecting key
infrastructure, enhancing Saudi border security and meeting Saudi Arabia's
expanding energy needs in an environmentally responsible manner."