Saudi Arabia will host a China-Arab summit on Dec. 9 attended by Chinese President Xi Jinping, with the leaders of the two countries expected to discuss trade ties and regional security.
Chinese President Xi Jinping shakes hands with Saudi Arabia's Deputy Crown Prince Mohammed bin Salman during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Damir Sagoljon Dec. 9 attended by Chinese President Xi Jinping, with the leaders of the two countries expected to discuss trade ties and regional security.comes at a time when U.S.
Saudi Arabia is China's top oil supplier, making up 18% of China's total crude oil purchases, with imports totalling 73.54 million tonnes in the first 10 months of 2022, worth $55.5 billion, Chinese customs data shows. Named Huajin Aramco Petrochemical Company, the joint venture groups Aramco, Huajin Chemical Industries Group CorporationThe project, expected to be operational in 2024, combines a 300,000-bpd refinery and 1.5 million tonnes per year ethylene plant, with Aramco set to supply up to 210,000 bpd crude oil.
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