A regional center for Chinese factories is expected to be developed in the kingdom, the Saudi energy minister says
Energy cooperation between China and Saudi Arabia is set to be strengthened as the two nations plan to secure supply chains in the sector, according to Saudi Energy Minister Prince Abdulaziz bin Salman.
His statement came during a visit to Saudi Arabia by Chinese President Xi Jinping ahead of a Chinese-Arab summit that kicks off in Riyadh on December 9. The Chinese delegation is expected to sign over 20 tentative agreements worth 110 billion riyal ($29 billion) with Saudi Arabia covering energy, security and investments.
“Saudi Arabia and China endeavor to enhance cooperation in the energy sector supply chains, by establishing a regional center for Chinese factories in the kingdom by taking advantage of the kingdom’s distinguished location among the three continents of Asia, Africa and Europe,” the minister said in a statement issued to the Saudi Press Agency on Wednesday.
He added that Saudi Arabia would remain a reliable partner for China in the energy sector as well as in ensuring global oil market stability. The minister highlighted that the countries are deepening cooperation and joint investments, including those in China’s Belt and Road Initiative and integrated refining and petrochemical complexes in both countries.
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According to Chinese customs data, Saudi Arabia is China’s top oil supplier in the first ten months of 2022, making up 18% of China’s total crude oil purchases, with imports totaling 73.54 million tons, or 1.77 million barrels per day.
China is the kingdom’s largest trading partner, with mutual trade worth $87.3 billion in 2021. Chinese exports to Saudi Arabia reportedly reached $30.3 billion, while China’s imports from the kingdom amounted $57 billion.
https://www.rt.com/business/567874-china-saudi-arabia-energy-center/
The document’s dismissal of Europe “as a power of no significance signals that there are three truly great powers left: the United States, Russia and China,” military expert Alexei Borzenko told Sputnik.
The US is also “well aware that we’ve outpaced them on certain types of weapons,” the observer said, citing Russian advances in hypersonics, and the depletion of US and European weapon stocks in Ukraine.
The US is eager to end the crisis in Ukraine, which has proven “a dead-end situation" for NATO "from which the only way out is peace,” Borzenko said, citing the document’s conciliatory language on the conflict and on Russia.
Furthermore, “during negotiations, the Americans figured out what the Kiev junta represents, and how difficult it is to negotiate with it. They understand what kind of crooks they are dealing with” and are tired of it, Borzenko argues.
That’s why various leaders’ recent claims that the Ukrainian crisis could end abruptly seems like a real ...
The head of the Supreme Alawite Islamic Council in Syria and Diaspora, Sheikh Ghazal Ghazal, has called for a nationwide five-day general strike in a “peaceful and clear response” to the religious persecution and sectarian violence against members of the community under the ruling Hay'at Tahrir al-Sham (HTS) regime.
Sheikh Ghazal, in a statement released on Saturday, announced that the strike will begin on Monday and will end on December 12, in response to the pressures and threats from HTS authorities.
“Our response will be completely peaceful, and will be expressed through a nationwide strike and staying indoors for five days,” he noted.
Sheikh Ghazal stated that the fall of former President Bashar al-Assad's government late last year was expected to usher in a new era in Syria’s history, but it was the collapse of remnants of the homeland under the motto of freedom.. ..more below
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United States President Donald Trump came to power promising to stop America’s endless wars, but he is on the cusp of starting another one — in Venezuela. Protesters came out in cities across the United States to stop the escalating aggression of Washington towards the oil-rich nation.....more below
https://www.presstv.ir/Detail/2025/12/07/760163/US-protests-Venezuela-war
