Lulu opens new store in Al Fakhriyah, Dammam as it further strengthening its presence in Saudi Arabia New Lulu stores are set to open in Makkah and Madinah    Defending the Truth: Saudi Arabia and the 2034 World Cup    Culture minister visits Diriyah Art Futures    Survey: 60% will use Riyadh Metro to go for work or school    Saudi Arabia calls for enhanced international cooperation to address water sector challenges    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Saudi Arabia hosts over 13 million foreign residents from 60 countries, says human rights official    RCRC Chief: Riyadh Metro, featuring environmental sustainability, will improve quality of life and revolutionize transportation    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Israel to appeal against ICC warrants for Netanyahu and Gallant    Trump nominates Keith Kellogg as special envoy for Ukraine and Russia    Missing hiker found alive after more than five weeks in wilderness    Elon Musk publicizes names of government employees he wants to cut    Al-Jasser: Riyadh Metro to accommodate one million passengers daily    Israelis survey damage and mull return to north as ceasefire begins    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Best-selling novelist Barbara Taylor Bradford dies    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hu to seek more oil supply
By Shahid Ali Khan
Published in The Saudi Gazette on 05 - 02 - 2009

Chinese President Hu Jintao will arrive here on Feb. 10 on a two-day official visit to the Kingdom, Yong Hong Lin, Chinese Ambassador told a press conference at his residence, Wednesday.
President Hu will hold talks with King Abdullah, Custodian of the Two Holy Mosques, on bilateral relations between the two countries focusing on political and economic issues including trade, energy cooperation, education, cultural relations and Haj, Lin said.
The two leaders will also discuss a number of political issues including Palestinian problem and on topics of mutual interest in the regional and international arena, he said.
During the talks with King Abdullah on energy cooperation China will seek to increase the supply of oil from Saudi Arabia.
According to an official source for quite sometime the two sides are working on a mechanism to guarantee the increased supply of oil to China.
Currently, China imports around 26 million tons (100 million barrel/year) of oil from Saudi Arabia.
Besides energy, the two sides will also talk on development of infrastructure, employment of Chinese workers in Saudi Arabia and King Abdullah's students' scholarship program, he said.
Around 200 Saudi students are studying in China on King Abdullah's Scholarship program.
Ambassador Lin said Saudi Arabia ranked first trade partner of China in West Asia and Africa with the volume of bilateral trade reaching $41.8 billion in 2008, which is up from $25.3 billion in 2007.
“President Hu is leading a 100-member delegation that includes important ministers from the Chinese cabinet, which reflects the importance of Saudi Arabia to China,” he said.
He said the economic relations are ever increasing after the exchange of high-level visits between the two countries.
King Abdullah visited China in 2006 which was followed by President Hu's visit to Saudi Arabia. This will be President Hu's second visit to the Kingdom in three years.
The two sides set a target to increase the bilateral trade volume to $40 billion by 2010, which has already exceeded in 2009, he said.
China also endorsed King Abdullah's initiative of Interfaith Dialogue, he said.


Clic here to read the story from its source.