Home>News Center>China

China, Saudi Arabia forge closer relationship
(Agencies - chinadaily.com.cn)
Updated: 2006-01-24 11:34

China and Saudi Arabia signed five agreements Monday in Beijing, including one on closer energy cooperation during a landmark visit by Saudi King Abdullah.

King Abdullah, 82, who arrived Sunday on his first trip outside the Middle East since taking the throne last August, met and held formal talks with Chinese President Hu Jintao at the Great Hall of the People.

China, Saudi Arabia forge closer relationship
President Hu Jintao (R) shakes hands with King Abdullah of Saudi Arabia during a welcoming ceremony at the Great Hall of the People in Beijing January 23, 2006. [Xinhua]

Both sides promised to take advantage of their growing oil business to further develop a broader economic and diplomatic partnership.

President Hu and King Abdullah oversaw the signing of five agreements, including one on "oil, natural gas and mineral cooperation," and another on "economic, trade and technical cooperation", the Xinhua News Agency reported.

Agreements were also signed to "avoid dual taxation", allow for a Saudi loan to improve infrastructure in China’s northwestern city of Aksu in China's oil-rich Xinjiang, and to facilitate "cooperating in vocational training". Neither side immediately provided details of the agreements, although Saudi Foreign Minister Prince Saud al-Faisal spelt out before the signing ceremonies the main interest of both nations.

"China is one of the most important markets for oil and Saudi oil is one of the most important sources of energy for China," said the prince, who is accompanying the king. Prince Saud said the energy deal would set the framework for specific energy investments, but agreements on the projects would have to be signed between the two countries' oil companies.

He suggested specific agreements could be signed soon.

   上一页 1 2 3 下一页  

Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News

Australia, US, Japan praise China for Asia engagement



Banker: China doing its best on flexible yuan



Hopes high for oil pipeline deal



Possibilities of bird flu outbreaks reduced



Milosevic buried after emotional farewell



China considers trade contracts in India


  EU likely to impose tax on imports of Chinese shoes
  Bankers confident about future growth
  Curtain to be raised on Year of Russia
  Coal output set to reach record high of 2.5b tons
  WTO: China should reconsider currency plan
  China: Military buildup 'transparent'
  Go to Another Section  
  Story Tools  
Manufacturers, Exporters, Wholesalers - Global trade starts here.