The Middle East is located in southwestern Asia and northeastern Africa. If you don’t understand this, you don’t understand the world. I would like to mention Saudi Crown Prince Bin Salman, Mr. Everything, which has become a hot topic these days. He is a person who changed the power structure of Saudi Arabia, the oil kingdom of Shunhui, and is trying to build a future Saudi Arabia by breaking away from oil-producing countries.Saudi capital should know Aramco at source, official mission ‘Saudi Arabian Oil Company’ It is one of the world’s largest oil companies, and it conducts oil, natural gas exploration, oil refining business, and produces petrochemical products. The total assets amount to $30 trillion, including natural gas fields and oil fields. It manages more than 100 oil and natural gas fields in Saudi Arabia. Saudi Aramco has the Ghawar oil field, known as the world’s largest land oil field, and the Safaniya oil field, the world’s largest undersea oil field. It operates the Master Gas System, the world’s largest hydrocarbon production network.
Its headquarters are in Daran, with 57,290 employees.In May 1933, the Saudi government signed a memorandum of understanding with the U.S. company SoCal (Standard Oil of California) and handed over Saudi Arabia’s oil mining rights to SoCal. In that year, the company’s predecessor, California-Arabian Standard Oil Co., was established. After SoCal failed to drill for oil, Texas Oil Company of the United States acquired a 50% stake in the company. In 1944, the company changed its name to the Arabian American Oil Company. When the U.S. government supported Israel in the 1973 Yom Kippur war, the Saudi Arabian government increased its stake in Aramco to 60%. In 1980, the Saudi government took over Aramco completely.In 1988, it was renamed Saudi Aramco. In the late 1980s, high-quality oil and gas were discovered in three areas south of Riyadh. In 1998, Saudi Aramco and Shell established a joint venture called Motiva Enterprises LLC (Motiva Enterprises LLC) to set up oil refineries in the southern and eastern United States and agreed to conduct marketing together. In 2008, King Abdullah of Saudi Arabia visited Daran to celebrate the 75th anniversary of Saudi Aramco’s establishment. In 2010, the company’s market capitalization reached $10 trillion, making it the world’s No. 1 company. Production began in 2011 at the Karan Gas Field. It produced a total of 3.4 billion barrels of crude oil in 2013. Perhaps because the drilling technology of the US shell had a profound impact, the US and Saudi Arabia maintained long-talked international relations, which made it a dollar global currency because they received all the crude oil bills in dollars.Relations between the two countries date back to February 14, 1945. U.S. President Franklin D. Roosevelt was busy reorganizing the post-war international political structure, and as soon as he finished the Yalta talks, he visited Saudi Arabia first and met the first king, Abdulaziz Ibn Saud. Prior to that, the two countries, which had been connected through the private sector over oil development, formed an official friendship for the first time.
The United States chose each other as a huge and stable oil supplier to maintain hegemony, and Saudi Arabia as a new country and a country that would provide the power to maintain the country and the dynasty. The two countries maintained a strong relationship for a long time, and the United States became the only superpower to gain global financial hegemony through Saudi Arabia’s Petro-Dollar system, and Saudi Arabia’s dynasty stabilized and grew into a world power beyond the region until the mid-2000s.However, while the U.S. began to push for energy independence represented by the shale gas revolution from the Barack Obama era, Saudi Arabia is also trying to find other powerful partners such as Russia and China in response. As the U.S. lowered its dependence on external energy, its strategic value on Saudi Arabia decreased, and as a result, the U.S. changed its policy to destabilize Saudi Arabia’s internal and external security while reducing the huge security costs in the Middle East. Saudi Arabia is also trying to hold the U.S. by influencing U.S. hegemony in many ways, such as increasing security exchanges with Russia, an energy export rival, and openly preparing a Petro-yuan system that threatens the Petro-Dollar with China.U.S.-Saudi Arabia relations are generally very similar to North Korea-China relations. The royal family is so familiar with American culture that it is English, not Arabic, as can be seen in the documents of the Saud Dynasty, and even though they are Muslims, they have little resistance to various American policies.On the other hand, most people tend to be close to anti-Americanism based on the national ideology of Wahhabism, and the royal family, which has an old and incompetent image, is losing its prestige and authority among the people. Although the status quo is maintained by gradually expanding welfare and human rights guarantees, Western experts generally agree that as the royal family and the people feel so different from culture to mindset, even people who sympathize with Iran’s Islamic revolutionary spirit are increasing. In addition, the Obama administration preferred to dispose of the worthless Saudi Arabia and join hands with Iran to the extent that Israel’s security is guaranteed, according to a U.S. congressional report. However, Iran is an anti-American country and does not abandon its hostility toward Israel, so it is no more reliable than Saudi Arabia for the U.S. and Israel. The U.S. thought of bouncing its abacus and transferring it to Persia under conditions that guarantee Israel’s security may have been affected by this. Prince Muhammad bin Salman Al Saud, who appeared as a card that the royal family in this crisis took out while seeking a reversal, was the young reformist leader. However, even Bin Salman was suspected of being involved in the assassination of a Saudi journalist, resulting in a massive disaster. As a result, despite the symbolism of reform and opening in Saudi Arabia’s first PGA Golf Tournament in 2019, voices of political correctness for participating players continued to erupt in the United States, and a famous player complained, “I am not a politician.”Prince Bin Salman (Mr. Everyting), who is trying to build a future Saudi Arabia after nuclear power plant based on huge funds, is trying to build an innovative city called Neo City between the desert and the sea.
KS CHOI
US ASIA JOURNAL
