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

By REUTERS

JANUARY 15, 2012 04:48

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.

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