Saudi Arabia is an important ally of the United States. in the Middle East region to confirm the promise He told China last year that Saudi Arabia is a partner and supplier of crude oil. The most trusted trust for China
This is a statement of the Saudis position. Without taking into account the concerns of allies like the US at all.
back on stageChina Development Forum (China Development Forum)In March 2021, Amin Hassan Nasser, chief executive (CEO) of Aramco, the world’s largest oil producer, announced that Aramco would continue to support It is imperative to guarantee with China that China will have continuous energy security not only in the next five years, but in the next 50 years or more.
Later last week there was a new round of negotiations. In a joint statement between Saudi Energy Minister Prince Abdulaziz bin Salman and China’s national energy chief Zhang Jianhua Saudi Arabia remains committed to its role as an ally in China’s choice of services in the oil market. Those two countries promised to communicate and work closely together to tackle new risks and challenges that arise
This new round of negotiations was soon held. After Aramco and Sinopec China’s national energy company just signed a memorandum of understanding This could be seen as an important step in China’s strategy of removing Saudi Arabia as a side. It is a new chapter in partnership. To join hands to develop China’s Belt and Road Initiative (BRI) and “Saudi Arabia Vision 2030” policy.
The Saudi move was clearly indifferent to what the US was thinking and they didn’t care about the consequences. That will follow from the fury of the United States. After in early October. In the past, oil exporting countries OPEC Plus led by Saudi Betrayed the United States With the decision to cut oil production by 2 million barrels per day, which will take effect from November.
Saudi Arabia’s real leader, Crown Prince Mohammed bin Salman, also rejected a call from President Joe Biden, who called for a boost in production. to curb rising world oil prices as a result of the United States The sanctions against Russia have angered the United States to announce that it would reconsider its relationship with Saudi Arabia because it said it was cooperating with Russia. which is in OPEC Plus
However, turning away from the United States and turning to China means that the Saudi crown prince is the party to terminate the agreement used as the basis for the relationship between the United States and Saudi Arabia (the core agreement of 1945) completely
It seems that the position of the United States In the eyes of the Saudi Crown Prince Now it is just another partnership. in the new world order with China and its allies He came to share leadership with the United States through which he can look at the United States Only a partner in terms of stability has no reward What is important to Saudi Arabia? But although China is different which is an important economic partner and Russia is a key partner in energy.
According to data from the Chinese Bureau of Customs, Saudi Arabia’s oil shipments to China between January and August 2022 amounted to 1.76 million barrels per day. This increased its market share to 17.7 per cent from 16.9 per cent in the same period last year, and both countries also agreed to continue negotiations. in various cooperation projects such as the development of integrated petrochemical and refining plants as well as cooperation in the field of nuclear energy including discussing the use of yuan to buy oil from Saudi instead of the US dollar In recent months, news reports indicate that the discussions are more intense.
From “Saudi Arabia Reiterates Commitment to China, Despite US Concerns” By Simon Watkins for Oilprice.com.