Ready to meet rising demand from China, says Saudi Energy Minister

ABU DHABI (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said the kingdom was ready to meet rising energy demand from China, state news agency SPA reported on Friday.

“The Kingdom is ready to fulfil the rising energy demand in China in the coming decades,” the SPA quoted Falih as stating.

Saudi Arabia's Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016.   REUTERS/Leonhard Foeger/File Photo

Saudi Arabia’s Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016. REUTERS/Leonhard Foeger/File Photo

Falih made his comments during meetings with leading Chinese energy industry officials, the SPA said.

The minister was on an official visit to China earlier this week when several energy agreements were signed.

Saudi Aramco also signed a strategic partnership agreement with during the visit with a view to cooperating on investments in refining, marketing and project developments, the SPA said.

The agreement would include Aramco’s ownership of shares in the refining business and retail sales of CNPC, it said.

(Reporting By Maha El Dahan; Editing by Greg Mahlich)



Categories: Asia Unhedged, China

Tags: , , , , , , ,