It's the dream of every oil executive: to get his company lucrative oil and gas rights in Saudi Arabia, which sits on the world's richest hydrocarbon reserves. Yet big oil has been largely shut out of the kingdom since the Saudis nationalized the industry in the mid-1970s. Now the Saudis are starting to soften their attitude towards foreign energy investment. They are soliciting bids from foreign companies to build infrastructure for natural gas, as well as petrochemical plants and other projects that would use the gas. The big question: Will these industrial projects lead to groundbreaking deals for oil and gas exploration?
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