Monday, January 16, 2012

China Wants Non-Iranian Oil



China's Wen Presses Saudi Arabia For Oil Access -- Voice of America

Chinese Premier Wen Jiabao arrived in Saudi Arabia Saturday on the first leg of a diplomatic mission that will also take him to Qatar and the United Arab Emirates.

China's official Xinhua news agency said that, in a meeting Saturday with Interior Minister Prince Nayef bin Abdul-Aziz, Wen pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment.

The kingdom's SPA news agency said Saudi state oil giant Aramco signed a deal Saturday with China's Sinopec to build an oil refinery in the Red Sea city of Yanbu that will process 400,000 barrels per day.

Wen arrived in Riyadh after a short visit to Nepal on the same day.

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More News On China Seeking Alternative (And Additional) Oil Supplies

Chinese Visit to Saudi Arabia Touches on Oil and Politics -- New York Times
Asian leaders move to secure oil supplies -- Financial Times
China, Saudi sign energy deals during Wen visit -- AFP
China's Wen presses Saudi Arabia for oil access -- Reuters
China’s Wen Visits Middle East Amid Energy Concerns -- Voice of America
Iran Tops Agenda as Chinese Chief Visits Gulf -- The Media Line
Kingdom, China agree to bolster strategic ties -- Arab News
Wen in oil talks with S. Arabia as US tightens Iran sanctions -- Oman Tribune
With sanctions and threats, Beijing ready to cut Tehran loose -- Asia News

My Comment: Oil and energy supplies are China's Achilles heel.

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