Krane Jim

Economie et politique de l’énergie
Titre Ouvrage:
A refined approach: Saudi Arabia moves beyond crude
Energy Policy, volume 82, July
pp. 99-104
The kingdom is reshaping itself as a supplier of refined petroleum products while moving beyond its long-held role as a simple exporter of crude oil ;  gains from increased refining include reducing fuel imports and capturing margins now bequeathed to competitors ; refining also allows the kingdom to export its heavy crude oil to a wider array of customers ; however, the move also presents strategic complications : Saudi Arabia may have to update the old “oil for security” relationship that links it with Washington, augmenting it with a more diverse set of economic and investment ties with individual companies and countries, including China.