Wednesday, March 7, 2007

Saudis plan oil refinery in D. Republic

Saudi Arabia, may build an oil refinery in the Dominican Republic, according to Dominican Foreign Minister Carlos Morales Troncoso. Saudi Arabia would use a Dominican oil refinery as an easier way to access the U.S. market while the Dominican government hopes to lower gas prices and end fuel shortages.

Here’s a thought- is Saudi Arabia trying to cut off increased Iranian incursion into the Americas or does that sound like a silly conspiracy theory? Inquiring minds would like to know.


Links- Prensa Latina, BusinessWeek, Farsi News Agency, mehrnews.com

Image- The Tribune (India) (Indian oil refinery)

2 comments:

redwood said...

it may be a conspiracy theory, but, when you say that the Saudis are cutting this deal in a large part to counter Iranian interests in the region, I think you're absolutely right.

Erwin C. said...

Increasing clout in the Americas- Iran, Russia, China.

Are we seeing the beginning of the end to U.S. economic hegemony to the Americas?