Saudis, Chinese agree to landmark energy accord

Saudi Arabia’s King Abdullah bin Abdulaziz al-Saud and Chinese President Hu Jintao, following a recent summit meeting in Beijing, have agreed to a landmark accord on oil, natural gas, and minerals as part of five main areas of cooperation between their two countries.“China is willing to improve the dialogue and the method of cooperation on energy with Saudi Arabia to raise the level of energy cooperation,” Hu said, adding that closer cooperation in the fields of infrastructure construction and telecommunication is also under way.The new agreement on hydrocarbons, signed by Saudi Arabia’s Petroleum and Mineral Resources Minister Ali Al-Naimi and Ma Kai, the head of ...

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