Saudi agrees US$10b China refinery deal as crown prince visits

Saudi agrees US$10b China refinery deal as crown prince visits

Saudi agrees US$10b China refinery deal as crown prince visits

With Saudi Arabia saying India is one among eight countries with whom it is establishing a strategic partnership, the joint statement said, "The two sides agreed to cement the existing "strategic partnership" with high level monitoring mechanism by the creation of Strategic Partnership Council led by the prime minister and the crown prince, supported by ministerial representation covering the whole spectrum of strategic relationships".

The murder sparked global indignation, with USA lawmakers pushing for Washington to distance itself from the crown prince, but the White House has maintained close relations with Riyadh, a major ally in the Middle East.

Saudi Minister of state for foreign affairs Adel al-Jubeir in an interview with India Today TV said: "We have said there are United Nations resolutions with regard to Kashmir that Saudi Arabia supports".

Future opportunities between Saudi Arabia and China are very big, Saudi Crown Prince Mohammed bin Salman said Friday during his visit to China.

State-owned oil company Saudi Aramco signed a US$10 billion deal to build a refining and petrochemical complex in China today, as Saudi Crown Prince Mohammed bin Salman wrapped up a two-day trip to Beijing.

"The two sides also noted the need for concerted action by the global community against terrorism including through early adoption of the UN Comprehensive Convention on worldwide Terrorism and underlined the importance of comprehensive sanctioning of terrorists and their organisations by the UN", the statement said.

He met with Chinese Vice Premier Han Zheng earlier on Friday.

Mohammed is expected to meet Chinese President Xi Jinping on his two-day trip to the Chinese capital following visits to Pakistan and India.

"I am happy that Saudi Arabia and India have common thoughts on this", he said. Ambassador Al-Madi told SPA that the visit of the Crown Prince embodies deep-rooted relations and strategic partnership between the two countries in all fields.

China supports Saudi Arabia's efforts to diversify its economy and is willing to strengthen high-tech cooperation, Wang added.

Saudi Arabia also signed 35 economic co-operation agreements with China worth a total of $28 billion at a joint investment forum during the visit, Saudi state news agency SPA said.

During the meeting, Mr Xi urged a joint China-Saudi effort to counter extremism and terror.

China is also wary of criticism from Muslim countries about its camps in the heavily-Muslim far western region of Xinjiang, which the government says are for de-radicalisation purposes and rights groups call internment camps.

"The two sides should promote counter-terrorism cooperation in the Middle East, strengthen worldwide de-extremism cooperation and prevent the spread and infiltration of extremism", Xi said.

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