Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    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.