Saudi Arabia is putting itself in a potentially dangerous geopolitical position as it seeks to continue its decades’ long relationship with Washington while at the same time forging new ties, mostly based on oil markets cooperation, with Moscow. The latest installment in this Saudi narrative came on Tuesday when Saudi Aramco said at the yearly World Economic Forums in Davos, Switzerland that it’s looking to acquire natural gas assets in the U.S. and is willing to spend “billions of dollars” there as it aims to become a global gas player. Saudi Aramco has recently diversified its holdings in many countries by investing in downstream assets, including currently owning the Motiva complex in Texas, the biggest oil refinery in the U.S. Saudi Aramco Amin Nasser told Reuters at the forum that it intends to invest another $10 bn in the Motiva complex. He added, “We do have appetite for additional […]