China's Wen presses Saudi Arabia for oil, gas access

By REUTERS
January 15, 2012 04:48

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

BEIJING - Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded investment from Chinese companies, media reports said on Sunday after Wen began a trip to Middle Eastern energy powers.

In talks with Saudi Crown Prince Nayef in Riyadh on Saturday, Wen also said his government wants "reputable" Chinese companies to invest in Saudi Arabia's ports, railways and infrastructure, the Chinese Xinhua news agency reported.

The Saudi kingdom is already China's biggest source of imported oil, and securing energy security was high on Wen's agenda in Riyadh, perhaps reflecting worry about how nuclear tensions and sanctions that could unsettle imports from Iran.

"China and Saudi Arabia are both in important stages of development, and there are broad prospects for enhancing cooperation," Wen told Prince Nayef, who is a senior member of the Saudi government, according to Xinhua.

Related Content

Breaking news
July 20, 2018
Merkel welcomes Trump's invitation to Putin to meet in U.S.

By REUTERS