Saudi Arabia calls for equitable climate financing at UNHRC    NCM Forecast: Dust storms expected across Saudi Arabia until next week    SR200,000 fine for Saudi and Egyptian in cover-up case    PIF assets soar to $1.15 trillion in 2024    Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally    Hundreds of families displaced by wave of Israeli air strikes on Gaza, witnesses say    Republican Senator Thom Tillis to leave Congress after clash with Trump    Car bomb attack in Pakistan kills at least 13 soldiers    One of Hong Kong's last major pro-democracy parties disbands    Saudi Arabia imposes final anti-dumping duties on imports of steel pipes from China and Taiwan    Iranian Army Chief calls Saudi Defense Minister to discuss regional stability    Saudi Arabia's net FDI jumps 44% to SR22 billion in Q1 2025    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Saudi Arabia exit Gold Cup after quarterfinal defeat to Mexico    Al Hilal land in Orlando ahead of Club World Cup clash with Manchester City    Cristiano Ronaldo says the past is over and this season will be Al Nassr's    Al Hilal suffer injury blows ahead of Club World Cup match with Manchester City    Brad Pitt's Los Angeles home 'ransacked', police say    Tehran Symphony Orchestra holds free concert to honor Iranians killed in conflict with Israel    49% of Saudi internet users spend 7 hours a day online    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    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.