Saudi Arabia, China agree to strengthen energy cooperation
Economy Foreign News

Saudi Arabia, China agree to strengthen energy cooperation

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and the Director of China’s National Energy Administration, Zhang Jianhua, on Friday, said they would strengthen their ties in the energy sector.


The officials spoke in a teleconference call and stressed the importance of stable long-term supplies to crude oil markets.

The Saudi minister reaffirmed earlier that OPEC+ is doing the right job to ensure stable and sustainable oil markets.

The United States and Saudi Arabia have been at odds since a decision by the OPEC+ group of oil producers, of which Saudi is the de facto leader, to cut output.

The Biden administration sought to stay OPEC’s hand for a month with an eye on U.S. mid-term elections.

China, the world’s largest crude importer, has stuck to strict COVID curbs this year, which weighed heavily on business and economic activity, lowering demand for fuel.

Leave a Reply

Your email address will not be published. Required fields are marked *