Report: Saudi Arabia mulls oil trade relations with Israel

After years during which Israel and Saudi Arabia have been rumored to have low-key commercial ties, the two nations may soon engage in open trade relations.

The Kuwaiti news agency KUNA on Tuesday quoted Saudi Petroleum Minister of Ali Al-Naimi as saying that as Riyadh is seeking to increase oil sales, it would be willing to sell oil to any country that wants to buy it, including Israel.

Speaking at a press conference held as part of an OPEC summit held in Vienna on Sunday, the minister said, “We do not hold a grudge against any nation and our leaders promote peace, religious tolerance and co-existence. His Majesty King Abdullah has always been a model for good relations between Saudi Arabia and other states — and the Jewish state is no exception”…

Bizarre. Even money says it will be retracted.

  • The Goat

    “Jewish state”? Did I just wake up in bizarro goat world?

  • ontario john

    With declining revenues from oil, the Saudi princes have to find some way to fund their parties and wild living in London.

    • DavidinNorthBurnaby

      And Canadian ecofreak warriors.

    • Etobicoke Gladiator (EG)

      I suppose Sheikh Charles is a frequent guest at these wild soirees? And “Sir” Russell Brand, one of the towering intellectuals of modern Islamic Britannia?

    • Pete_Brewster

      It’s called usury—oh sorry, sovereign wealth funds.

    • Money is money even if it’s Jew money.

      (Sidebar: the last term was uttered in order to show the disdain these inbred oil tycoons have for not only the people of Israel but of all Jewry. It is in no way meant to reflect one’s own view, to insult others or push the proverbial envelope. Also, let’s kill the rest of the whales.)

  • DavidinNorthBurnaby

    “our leaders promote peace, religious tolerance and co-existence”
    Yeah, and I’m a Maple Laffs fan. Pfftttt…!!!

  • Excellent tactic by the Sauds. If they succeed in getting Israel dependent on Saudi oil and divert Israel from developing its own recently-discovered mineral resources, then they can shut down the Israeli economy at a moment’s notice during wartime. Same tactic they are attempting with Canada’s oilsands and with the U.S. This is a military/security move favouring the Sauds and global Islamic rule — not an economic move.

  • marty_p

    There have been low level ties with Israel for years.

    Here’s my favourite example:

  • Sheitan has taken over the mind of the muzzie King.

  • simus1

    This seems like a similar ploy to what the egyptians attempted some time back by saying Jewish descendents of expelled egyptian Jews were welcome to reclaim their status and properties. This fiction was going to be played up as a way to legitimize those demands for the “return” of palestinians to Israel. The only problem turned out to be the local muslim fanatics in Cairo who didn’t “get it” or more likely “didn’t want to get it” and promptly went bananas and ruined the con.
    In the saudi scenario there is probably a lawsuit hanging around someplace alleging bad faith and anti competitive actions that would be undermined big time by this “initiative”. Unlike the egyptians, the saudi rulers know what it takes to keep a con on track.

  • ontario john

    They can always sell the oil to New Brunswick now that the liberal morons in charge are going to pass a bill outlawing fracking.

  • Norman_In_New_York

    Within the last six months, the price of oil has fallen nearly 40%, and OPEC members failed to agree on holding down production. Its members need to pay their bills and so must make up for declining prices with a higher volume of sales. I am sure that Israelis are under no illusions that any deals with the Saudis will lead to undying friendships. This is just a matter of convenience and Israel will quickly find other sources should the Saudis decide on a cutoff. Israel is already self-sufficient in natural gas, even with the largest offshore field not ready to go online for another three years.

  • (jaw dropped)