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Posts Tagged ‘Saudi Arabia’

Mid-East Prophecy Update – January 27th, 2013

February 7, 2013 Comments off

Pastor JD does an in-depth study of who’s involved in a yet future nuclear attack against Israel as prophesied in Ezekiel 38, and why it matters to us.

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Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery – Is This The Beginning Of The End For The Petrodollar?

March 23, 2012 3 comments

theeconomiccollapseblog.com

 The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it.  This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014.  Over the past several years, China has sought to aggressively expand trade with Saudi Arabia, and China now actually imports more oil from Saudi Arabia than the United States does.  In February, China imported 1.39 million barrels of oil per day from Saudi Arabia.  That was 39 percent higher than last February.  So why is this important?  Well, back in 1973 the United States and Saudi Arabia agreed that all oil sold by Saudi Arabia would be denominated in U.S. dollars.  This petrodollar system was adopted by almost the entire world and it has Read more…

Saudi Arabia vows “iron fist” to end violence

February 22, 2012 Comments off

arabianbusiness.com

Saudi military forces.

Saudi military forces.

Saudi Arabia has vowed to use an “iron fist” to end violence in the country’s east after a sermon preached last week criticised the government’s use of violence against protestors in the kingdom.

The Gulf state’s Interior Ministry has accused an unnamed foreign power, widely thought to mean Iran, of backing attacks on its security forced in its Eastern province.

“It is the state’s right to confront those that confront it first … and the Saudi security forces will confront such situations … with determination and force and with an iron first,” the ministry said in a statement to the Saudi Press Agency.

“Some of those few [who attacked security forces] are manipulated by foreign hands because of the Read more…

China Economic Clout and Nuclear Expertise Invades Saudi Arabia

January 20, 2012 Comments off

oilprice.com

china saudia nuclear powerEver since the end of World War Two, the U.S. has come to regard Saudi Arabia as almost its exclusive oil producing enclave.Ever since the end of World War Two, the U.S. has come to regard Saudi Arabia as almost its exclusive oil producing enclave.

In February 1945, after the Yalta Conference with Soviet General Secretary Iosif Stalin and British Prime Minister Winston Churchill, on his way home U.S. President Franklin Delano Roosevelt and King Ibn Saud met aboard the New Orleans-class heavy cruiser U.S.S. Quincy in the Suez Canal’s Great Bitter Lake. During the meeting, instigated by Roosevelt, he and Ibn Saud concluded a secret agreement in which the U.S. would provide Saudi Arabia military security, including military assistance, training and a military base at Dhahran in Saudi Arabia, in exchange for secure access to supplies of oil.

Sixty-seven years later, my, how things have changed, as China is now muscling into the Kingdom of the Two Holy Places.

On 15 January Visiting Chinese Premier Wen Jiabao and Saudi Arabian King Abdullah bin Abdul Aziz agreed to Read more…

Riddle in the sands: Thousands of strange ‘Nazca Lines’ discovered in the Middle East

September 16, 2011 1 comment

dailymail

Peru’s Nazca Lines, the mysterious geoglyphs etched into the desert centuries ago by indigenous groups, are world famous – and now thousands of similar patterns have been found in the Middle East.

Satellite and aerial photography has revealed mysterious stone ‘wheels’ that are more numerous and older than the Nazca Lines in countries such as Syria, Saudi Arabia and Jordan.

The structures are thought to date back 2,000 years, but why they were built is baffling archaeologists and historians.

Ancient mystery: The stone wheels are thought to be 2,000 years oldAncient mystery: Read more…

OPEC: Venezuela Has Largest Oil Reserves, Surpassing Saudi Arabia

July 20, 2011 Comments off

 

Venezuela’s crude oil proven reserves exceeded those of Saudi Arabia last year according to OPEC’s annual statistical report. In 2009, OPEC listed Saudi as having the highest reserves at 264.59 billion barrels or 25.9% of OPEC’s overall reserves and Venezuela at 211.17 billion barrels or 19.8% of OPEC reserves.

According to OPEC’s latest annual report, Venezuela’s proven crude oil reserves reached 296.5 billion barrels in 2010, up 40.4% on the year and higher than Saudi Arabia’s 264.5 billion barrels.

The data confirms statements by Venezuela’s national oil company (PDVSA) which reported it had this level of reserves as early as January of this year. Venezuela began certifying its oil reserves in the Orinoco belt in 2007 and since then the corporate media accused PDVSA of Read more…

US punishes Pakistan Army in major shift

July 11, 2011 2 comments

thenews.com

WASHINGTON: The US confirmed on Sunday that direct and indirect aid worth $800 million to the Pakistan Army had been withheld while Pakistani diplomats disclosed that a 10-point list had been given to the GHQ, compliance of which would determine how much and when the flow of money would restart.

The official confirmation came from the White House chief of staff who told a TV channel on Sunday that Washington was holding back the money after a major New York Times story revealed the military aid had been suspended.

The 10-point list was given some time back and diplomats said Pakistan had Read more…