China And Saudi Arabia Agree To Boost Oil Trade As Xi Visits Riyadh

China and Saudi Arabia agreed to expand crude oil trade as the world’s largest oil importer and the top global crude exporter upgraded their relations to a strategic partnership during the visit of Chinese President Xi Jinping in Riyadh. “China will increase communication and coordination with Saudi Arabia on energy policy, expand the scale of crude oil trade, enhance cooperation on exploration and development, and deliver on the Sino-Saudi Gulei Ethylene Complex Project and other large-scale energy cooperation projects,” China’s…