A Chinese energy official meets with an official from Saudi Aramco in Beijing

LUBEREF
SAUDI ARAMCO

LUBEREF

2223.SA

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SAUDI ARAMCO

2222.SA

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- China's National Energy Administration said in a statement on Thursday that its vice chairman met with an executive from Saudi Aramco in Beijing on Tuesday.

  • The statement said that Song Hong-kun, deputy director of the National Energy Administration, and Mohammed Al-Qahtani, president of Aramco’s refining, chemicals and marketing sector, exchanged views on global energy security and bilateral cooperation in the oil and gas sector.

  • Song expressed his hope that Chinese and Saudi companies would strengthen communication, deepen cooperation, and deal wisely with risks.

  • The meeting came at a time when the US-Israeli war on Iran, which began in late February, has disrupted global oil and gas supplies, as the Strait of Hormuz, a strategic shipping lane, has remained virtually closed.

  • Saudi Arabia is one of the largest oil suppliers to China, although Beijing, the world's largest oil importer, maintains a diversified supply of its imports.