PDA

View Full Version : Arab countries - China’s biggest crude oil supplier



Unregistered
05-06-06, 12:38
Arab countries - China’s biggest crude oil supplier

June 05 2006

China’s official news agency, Xinhua, reported that Arab countries were China’s biggest crude oil supplier last year, accounting for nearly 44% of its imports.

An action plan signed by the Secretary General of the Arab League, Amr Moussa, and China’s Foreign Minister, Li Zhaoxing, said that “the two sides attach importance to energy cooperation, particularly cooperation in the sector of oil, natural gas and renewable energy”. The trade volume between China and the Arab world is more the $50bn. Mr. Moussa said he hoped this figure would double by 2010.