Saudi Arabia new king kong Salman being courted by all the world leaders. Meanwhile, the aging king, who suffer from the effects of stroke, made it clear that there will be changes in policy. almost all government continues. It is just months since the recently deceased King Abdullah made a significant upheaval.
Saturday and Sunday comes Russia’s Prime Ministers Dmitry Medvedev, British Prime Minister David Cameron, French President François Hollande and Japan’s Crown Prince Naruhito are all among those who Saturday and Sunday comes to Riyadh to extend their condolences to the Saudi royal family.
Tuesday comes President Barack Obama and First Lady of the United States Michelle Obama. They end a visit to India before the time to squeeze in a visit to Riyadh. It was intended that Vice President Joe Biden should have raised, but the White House announced Friday night Norwegian time that the president himself would go.
This is another example of how important Saudi Arabia is for the United States.
Saudi Arabia was elected as member of the UN Human Rights Council in autumn 2013. The country is governed by Sharia law and human rights violations are extensive. But this is a topic that the country’s leaders are not interested in talking about, according to a series of leaked diplomatic reports from foreign diplomats.
Also Iran
Among the most surprising guests were Iranian Foreign Minister Mohammad Javad Zarif. Iran and Saudi Arabia have had a troubled relationship.
Among royalty as everything came Saturday was Norway’s Crown Prince Haakon, Crown Prince Frederik of Denmark. Britain’s Prince Charles is also expected.
Saudi Arabia is an important ally for the West in the fight against terror. It has supported UN counterterrorism work with large sums and urges unity in the fight against IS. country religious leaders have condemned IS. The Saudi Air Force has participated in bomb attacks against IS in Syria. In addition, the country’s police arrested and detained thousands of militant extremists.
In addition to this is Saudi Arabia a major customer of western arms industry.
Oil policy is stuck
One of the other big questions is whether Saudi Arabia will change oil policy. When the news of King Abdullah’s death came, oil prices rose slightly. But there is little to suggest that the world’s largest exporter of crude oil will change its policy.
In November it was precisely Saudi Arabia who said no to the Organization of Petroleum Exporting Countries (OPEC) should cut production to holding up oil prices.
Grandfather governing oil
Ali al-Naimi continues as oil minister. The nearly 80-year-old former director of state oil company Saudi Aramco, serving under his third king. Al-Naimi, who has been in Norway several times, is a guarantor of Saudi Arabia’s oil policy remains unchanged. Oil policy formulated by a council in the royal family. This means that the current king and crown prince has helped to lay the policy now being pursued. That Saudi Arabia will let oil prices fall to ensure that the Middle East not to lose market share. It is primarily production outside the Middle East about becomes unprofitable oil price fall.
Naimi has previously stated that oil prices could fall to $ 20 before the country intervention. In the state budget that was recently put forward, it was shown that Saudi Arabia has significant funds that allow them to be ready for an extended period of lower oil prices.
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