Talks between Saudi Arabia and its main foreign partners in three mega-gas ventures have “broken down in deadlock, leaving the future of the project in its current shape in doubt,” the Middle East Economic Survey (MEES has reported. Consequently, the whole scheme might be restructured. Talks in Jeddah between a Saudi ministerial committee and the CEOs of each of Royal Dutch/Shell and Exxonmobil, Phil Watts and Lee Raymond, on July 14 and 15 failed to bridge the gap between the two sides, it said. The scheme may be restructured in such a way as to group all upstream, midstream, power, water and petrochemical projects into separate categories, with oil and other firms then bidding for the individual sector projects, MEES said.
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