Saudi Arabia wants to collaborate, not compete, with China, the kingdom's energy minister declared on Sunday, saying he 'ignored' Western suspicions over their growing ties.
to raise its multi-billion dollar investment in China and bolster its rank as China's top provider of crude.
"Oil demand in China is still growing so of course we have to capture some of that demand," Prince Abdulaziz said.The two nations' momentum has also raised prospects for a successful conclusion to negotiations for a free trade deal between China and the Saudi Arabia-dominated Gulf Cooperation Council , ongoing since 2004.
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