The Mudcat Café TM
Thread #163092   Message #3887257
Posted By: Iains
07-Nov-17 - 06:42 AM
Thread Name: BS: Recent Political changes in Saudi Arabia
Subject: RE: BS: Recent Political changes in Saudi Arabia
The major destination of Saudi oil is China, who also takes the major part of Iraqi oil exports. The US only imports 10% of Saudi oil.
The game is changing and new players will bring their own influences to bear. China has joint production agreements in Iraq and has had personnel in place for many years jointly producing the Rumaila field near Basra. I have no doubt the chinese will take a very dim view of anyone threatening their future fuel security.