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Saudi Arabia: Regions
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As a member of the GCC, Saudi Arabia is part of the negotiation process between the EU and the GCC. In 1989 the EU concluded a cooperation agreement which was ratified by Saudi Arabia. The aim of this agreement is to increase trade relations and to contribute to stability in the region.
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Following cancellation of the SGI, Saudi Arabia repackaged the project as a series of smaller, more focused contracts, with better rates of return than previously offered. At the same time, the Saudis moved away from the integrated upstream/downstream gas, water, power, and petrochemical nature of the SGI, and instead specifically targeted upstream natural gas development in the area that had comprised Core Venture 3. Downstream and "midstream" elements of the SGI will now be handled separately, in large part by SABIC and Aramco. In July 2003, Saudi Arabia reached a tentative deal (officially signed on November 15) with Royal Dutch/Shell and Total on Blocks 5-9 and 82-85 in the Shaybah and Kidan areas of the Empty Quarter region. Besides the major European companies, Saudi Aramco -- replacing ConocoPhillips -- will have a 30 percent share in the $2 billion project. Shell will maintain a 40 percent share and Total the remaining 30 percent, in a consortium known as the South Rub al-Khali Company (SRAK).
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A string of mountain ranges stretches along the western edge of Saudi Arabia. The northern segment of these highlands, known as Al Ḩijāz (Hejaz), has a general elevation of 600 to 900 m (2,000 to 3,000 ft), with some mountains exceeding 2,000 m (6,500 ft). Rainfall here is infrequent, but streams flowing down the west side of the highlands allow limited agriculture in valleys and on the narrow coastal plain. On the eastern slopes of the highlands, prehistoric lava flows solidified to form vast, barren fields of dark-colored, broken basaltic stone known as harras. South of Al Ḩijāz the highlands continue into the region known as ‘Asīr. Here, the highlands are rugged and reach considerably higher elevations than in Al Ḩijāz: Much of ‘Asīr lies between 1,500 and 2,000 m (5,000 and 7,000 ft).
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"Our commitment to the region is genuine to the extent that we have committed $150,000 in resources for the next 12 months to increase our presence in Saudi Arabia. The first third of the resources should be fully committed in the next few months," commented Christopher J. Neill, CEO of AWT.
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Saudi Arabia’s takeover of the region’s media is a reflection of what is occurring globally where a handful of multinational companies increasingly dominate the media. This spills over from entertainment into news coverage.
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