US Congress Supports Arms Sales to Saudi Arabia

 The US Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017. REUTERS/Joshua Roberts
The US Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017. REUTERS/Joshua Roberts
TT

US Congress Supports Arms Sales to Saudi Arabia

 The US Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017. REUTERS/Joshua Roberts
The US Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017. REUTERS/Joshua Roberts

The US Congress thwarted efforts to block the selling of arms to Saudi Arabia, and overwhelmingly approved the $650 million deal. A procedural motion by Rep. Sen. Rand Paul was rejected on a 30-67 vote.

Senate members sharply criticized their colleagues who sought to obstruct the deal, pointing to the attacks launched by the “Iranian-backed” Houthis on Saudi Arabia.

Senate Minority Leader Mitch McConnell, who supports the arms sale, said: “Saudi Arabia is literally surrounded by violent threats conceived, funded and orchestrated by Iran. A vote to block the sale of defensive military systems to Saudi Arabia would undermine one of our most important regional partners.”

In a rare bipartisan consensus, Dem. Senate Foreign Relations Committee Chairman Bob Menendez backed McConnell’s comments, lashing out at members of the Senate who sought to block the arms sales and recalling the increasing Houthi attacks.

“There is no doubt that the Houthis have deployed more advanced weapons, especially armed drones, to target civilians in Saudi Arabia. We also do not forget that there are 70,000 Americans in Saudi Arabia,” he stated.

Menendez continued that the weapons would help Saudi Arabia defend itself against the Houthis’ attacks.

“It is important that our partners know that we will honor our commitments and provide the necessary security measures to protect civilians. That is why I oppose efforts to block these sales,” he emphasized.

For his part, senior Republican on the Foreign Relations Committee, Senator Jim Risch, accused Iran of destabilizing and threatening security in the region, stressing the importance of supporting Saudi Arabia to confront the threats facing it.

But the most surprising vote was that of Dem. Senator Chris Murphy, who is known for his opposition to arms deals of this kind.

“These are defensive arms sales, and with the increase in Houthi drone attacks on Saudi territory. It is very important that they have the ability to shoot down these planes,” he said.



Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion
TT

Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Saudi Aramco, one of the world's leading integrated energy and chemicals companies, Aramco affiliate Saudi Aramco Jubail Refinery Company (SASREF), and an affiliate of Rongsheng Petrochemical Co. Ltd. (Rongsheng Petrochemical) signed a Development Framework Agreement in Beijing, China, that paves the way for an expansion project at SASREF in Jubail, Saudi Arabia.

The tripartite agreement outlines the cooperation mechanism and planning for the project's design and development. The project aims to expand SASREF's refining and petrochemical capabilities while fostering international collaboration, said Aramco in a statement on Tuesday.

Aramco Downstream President Mohammed Y. Al Qahtani said: "By aligning our efforts, Aramco and Rongsheng Petrochemical aim to deliver additional value to our stakeholders. This Development Framework Agreement underscores Aramco's intentions to foster closer collaboration with key partners and progress its strategic downstream expansion, both in the Kingdom of Saudi Arabia and internationally. It also highlights the potential of the Kingdom's downstream sector to attract overseas players."

Rongsheng Petrochemical Chairman Li Shuirong said: "The signing of the Development Framework Agreement sets the stage for Rongsheng Petrochemical's in-depth participation in the SASREF expansion project."

"Saudi Arabia has abundant energy resources and significant market potential, and Rongsheng Petrochemical will bring strong momentum to the partnership through our excellent operation and management capabilities and market competitiveness," he added

"This collaborative project not only has important strategic value for the future development of both companies but will also make contributions to China's Belt and Road Initiative and Saudi Arabia's Vision 2030," he stressed.

In April, Aramco and Rongsheng Petrochemical signed a Cooperation Framework Agreement relating to the planned formation of a joint venture in SASREF and significant investments in the Saudi and Chinese petrochemical sectors. Preliminary documentation relating to the Development Framework Agreement was signed in September.

The SASREF expansion project is located in Jubail Industrial City, which is along the Arabian Gulf coast in Saudi Arabia's Eastern Province. The city has a well-developed infrastructure and strategic geographical advantages.

The project, which is currently in the PREFEED stage, envisages the construction of large-scale steam crackers and the integration of associated downstream derivatives into the existing SASREF complex, enhancing its ability to meet the growing demand for high-quality petrochemical products.