China And Saudi Arabia Intensify Energy Cooperation With Critical Deal | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

China uses Russia’s new leverage over Saudi Arabia and OPEC to deploy its own strategy to accrete and exploit power over the Middle East’s huge oil and gas reserves.

, at the annual China Development Forum hosted in Beijing, by Aramco chief executive officer, Amin Nasser: “Ensuring the continuing security of China’s energy needs remains our highest priority - not just for the next five years but for the next 50 and beyond.

, had been struck back in 1945 at a meeting on 14 February 1945 between the then-U.S. President Franklin D. Roosevelt and the Saudi King at the time, Abdulaziz. The first face-to-face contact between the two, this landmark meeting was held on board the U.S. Navy cruiser Quincy in the Great Bitter Lake segment of the Suez Canal, and the deal that they agreed – which had been the basis for all of the U.S.’s Middle East policy up until very recently - was this: the U.S.

It should be remembered that, at this point in 2017, MbS faced real threats at home to his ongoing rise to power, principally from the supporters of the previous King Abdullah and then-heir apparent, Muhammad bin Nayef, who had been appointed the Crown Prince in April 2015, only to be replaced by King Salman with MbS in June 2017.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in ENERGY

Energy Energy Latest News, Energy Energy Headlines