Oil tops agenda as China president visits Saudi

[maddezmom]

RIYADH (AFP) - Chinese President Hu Jintao has arrived in Saudi Arabia on a visit expected to focus on economic and energy cooperation as Beijing looks for oil to fuel its growth and Riyadh boosts ties with Asian powers.

~snip~

SABIC's chief executive officer Mohammed al-Mady was quoted on Thursday as saying the company was awaiting Beijing's approval for a joint venture to build a 5.3-billion-dollar naphtha plant in China.

China's commerce ministry said the trade volume between the two countries hit 2.7 billion dollars during the first two months of 2006, a 43 percent rise on the same period last year.

Saudi exports to Beijing were worth 2.21 billion dollars, according to the Chinese Xinhua news agency.

The kingdom exported some 22.18 million tons of oil to China last year, becoming its biggest crude supplier.

more:http://news.yahoo.com/s/afp/20060422/bs_wl_afp/saudichinadiplomacyeconomy;_

[bahrbearian]

1. Someones trying to steal chimpies "girl-friend"

[cliss]

2. LOL!!

Bush better watch it. There's a suitor coming to visit, with MORE money and better credit than him.

[VegasWolf]

3. It's Bush's man date. nt

[lovuian]

4. They have lots of money and a military and large

workforce... plus nukes... :nuke:

and a thirst for oil...

[Amonester]

5. 'Ha Ha Ha America' video clip link:

http://festival.sundance.org/2006/watch/film.aspx?which=402&category=DOC

Dumbia's jealou$y...