WASHINGTON — If Saudi Arabia follows through on its recent threat to sell off its investments in the United States, the financial maneuver could be painful — mostly for Saudi Arabia.
The kingdom has pumped some of its oil profits into the United States, acquiring billions of dollars in Treasury securities and investments that include a giant oil refinery in Port Arthur, Tex., and a $10 million stake in an Arkansas company that makes industrial lubricants.
All of that could be sold off if Congress passes a bill allowing Saudi Arabia to be held responsible in American courts for any role in the Sept. 11, 2001, attacks, the Saudi government warned last week.
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