Saudi might set up strategic oil reserve in China

F

FreeAsia2000

Junior Member
Wow the only other country that has had this arrangement so far is America.

Things certainly are moving fast in the Saudi China relationship especially once the Saudi, Pakistan China pipeline is completed

Sunday, April 23, 2006 - 02:42 PM [Kods Time]
Chinese President Hu Jintao discussed with Saudi leaders during his current visit a proposal to set up a strategic oil reserve in China fed by Saudi supplies. The plan was raised during Hu's talks with King Abdullah Bin Abdul Aziz. The reserve would be on top of the oil supplies Saudi Arabia exports to China for its daily needs, and which reached some 22.18 million tons last year. The trip underlines the fast growing ties between the two countries as Beijing looks for oil to fuel its growth and Riyadh forges partnerships with Asian powers.
King Abdullah Bin Abdul Aziz reached five economic deals, including an energy agreement, during his January trip to China.
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bd popeye

bd popeye

The Last Jedi
VIP Professional
This is big time news. I don't think a lot of people realize how big it is. The other day on CNN I saw a news report about how fast the appitite for oil in the PRC is growing by leaps and bounds daily. This agreement with the Saudi's is a big step for the PRC as they continue to think globally and not just regionally.
 
SampanViking

SampanViking

The Capitalist
Staff member
Super Moderator
VIP Professional
Registered Member
I agree with you BD. The problem is we have all read about it and thought "wow" but we cant really talk about it:mad:

From a strictly Military of Economic perspective it is an interesting but passing fact, the real juice of it is wholly political and out of bounds on both forums :(
 
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