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Oil Firms Sign $2 Billion Saudi Gas Deal 2003-11-16 04:40:43 (356 weeks ago) Posted By: Intellpuke (Read 332 times || 0 comments) Royal Dutch/Shell and Total have signed a $2 billion deal to develop Saudi Arabia's huge gas reserves. The oil giants are the first western firms to win such rights since Saudi's energy sector was nationalized in 1975, BBC News reports. The European firms will find and pump gas in 80,000 square miles of the vast southeastern Empty Quarter desert. Read more. Saudi Oil Minister Ali Naimi said the deal was the "first in a series" to promote industrialization and economic development in the kingdom. (story continues below) Your Ad Here Make a donation today to remove the advertisments! This Story Has Been Archived. To read the full story in the archives, please make a donation. Log In Now Admin Functions Edit Story Email To A Friend Email this story to a friend: Your Name: Their Email:   Related Stories (βeta) Saudis Have Another 200 Billion Barrels Of Oil 2005-04-08 02:18:46 (Score: 27) Saudi Arabia: Iraq A Major Terror Base 2006-11-12 20:37:32 (Score: 25) Oil Above $127 For The First Time 2008-05-16 08:52:36 (Score: 23) Saudi Arabia Snubs Bush's Request To Pump More Oil 2008-05-17 03:23:44 (Score: 22) Saudi Arabia Frees 18 Ex-Gtimo Detainees 2006-12-26 16:46:04 (Score: 22) Al-Qaeda Wants To Topple Saudi Royals 2003-11-10 06:17:02 (Score: 21) Saudi Arabia, Blackberry Agree On Deal To Avert Ban On Smartphone 2010-08-07 16:14:09 (Score: 21) 'Don't Miss The Boat' Saudi Investment Chief Tells China 2006-11-03 17:06:33 (Score: 21) Saudi King Vows To Crush Terrorists 2003-11-10 20:45:54 (Score: 21) U.S. Pulls Staff From Saudi Embassy 2004-04-16 03:18:09 (Score: 21) BAE Lands $80 Billion Saudi Plane Contract 2007-09-16 02:08:40 (Score: 21) Terrorists Killed In Mecca 2003-11-04 01:36:17 (Score: 20) France's Total SA Moves Into U.S. Natural Gas 2010-01-04 13:42:00 (Score: 20) Saudis Vow To Find Bomb Plotter 2003-11-10 06:20:32 (Score: 20) Saudi King Abdullah Signs Three Major Accords With Vietnam 2010-04-11 01:52:07 (Score: 20)   Readers Comments Add your own comment. (Anonymous commenting now enabled.)

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