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Eugene

(61,807 posts)
Sat Feb 23, 2019, 02:12 AM Feb 2019

Saudi prince's trip to China highlighted by $10 billion petrochemical deal

Source: ABC News

Saudi prince's trip to China highlighted by $10 billion petrochemical deal

China was the last stop on the Saudi Prince’s economic goodwill tour of Asia.

By Karson YiuBEIJING — Feb 22, 2019 10:44 AM ET

Soon after Saudi Crown Prince Mohammad Bin Salman touched down in Beijing on Thursday, he made his way to the Great Wall of China, grinning and posing for the cameras.

China is the last stop on MBS' economic goodwill tour of Asia, following visits to India and to Pakistan.

-snip-

As MBS met with Vice Premier Han Zheng, who sits of the powerful Communist Party Politburo Standing Committee, on Friday, Saudi Arabia's state-owned oil company, Saudi Aramco, signed a deal to develop a $10 billion petrochemical refinery with two Chinese firms, making it the largest joint venture in China.

Saudi Arabia is one of China's suppliers for crude oil and with this deal may reclaim the top spot from Russia.


Read more: https://abcnews.go.com/International/saudi-princes-trip-china-highlighted-10-billion-petrochemical/story?id=61233563
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Saudi prince's trip to China highlighted by $10 billion petrochemical deal (Original Post) Eugene Feb 2019 OP
Behind the scenes ... Big Energy is decisively taking over the International Order ... mr_lebowski Feb 2019 #1
 

mr_lebowski

(33,643 posts)
1. Behind the scenes ... Big Energy is decisively taking over the International Order ...
Sat Feb 23, 2019, 02:25 AM
Feb 2019

In the next 5-10 years it'll be obvious.

Remember who told you first ... Mr. L.

This is why Europe is being marginalized, they're not energy producers (not that much anyway, not with the North Sea being in decline). The 'New World Order' will be US, Russia, China, and the Middle East oil exporters ... China will have power because they're 'colonizing' (in the modern sense) the energy producers of Africa and South America, plus they have a ton of money and industrial capacity, even if they don't produce that much energy. Plus they're leaders in Solar Panels. And they have basically 1B captive workers, accustomed to drone-like work.

There is definitely a global conspiracy afoot around energy production, I can feel it in my bones.

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