China, Saudi Arabia to Boost Cooperation

China and Saudi Arabia favored strengthening bilateral ties, including cooperation in several sectors, a stance on which Prime Minister Wen Jiabao and Crown Prince Nayef bin Abdulaziz Al Saud agreed upon.

  The head of the Chinese government favored expanding oil and natural gas trade, as well as the energy industry, to further develop the two countries’ association in that field, according to local media reporting on Wen’s visit to Saudi Arabia.

He also called to promote investments, and recalled that China fosters its companies’ participation in the construction of infrastructure works in that Middle East kingdom, with which China established diplomatic relations 22 years ago.

The crown prince expressed his country’s willingness to build mutual political trust and promote cooperation in security.

During the visit, the first of its kind in 20 years, the companies Aramco and Sinopec signed an agreement to build an oil refinery in the city of Yanbu to process 400,000 barrels of crude every day, according to reports from Riyadh.

Wen’s program also includes talks with King Abdullah bin Abdul-Aziz.

Saudi Arabia is the first stop of the Chinese prime minister’s tour, which will also include the United Arab Emirate and Qatar.

In Abu Dhabi, Wen will attend the 5th World Summit on Future Energies, in which he will explain his country’s policy for the sector.


Beijing, Jan 15 (PL)

Modificado el (domingo, 15 de enero de 2012 )

Sharing is caring!

Leave a Reply