Prince Abdulaziz Bin Salman, Minister of Energy, met with Lian Weiliang, Vice Chairman of the National Development and Reform Commission of China. The meeting was the fourth gathering of the Belt & Road Major Investment Projects and Energy Subcommittee, of which Prince Abdulaziz is Saudi chairman. This subcommittee is under the Saudi-China High-Level Joint Committee, which is chaired by the Crown Prince. Prince Abdulaziz said: "Saudi Arabia has always considered China as a strategic partner, and the committee strives for further alignment between the Saudi and Chinese visions of the future, especially in the energy sphere, where there are multiple synergies. "The trade relationship between the two countries has been achieving continuous annual growth in the past 5 years with China the number one export destination for the oil Kingdom's exports. The Kingdom will continue to be its reliable and trusted partner," the Prince added. On the other hand, Lian affirmed on Kingdom's efforts in maintaining the stability of global oil markets. In the meeting, the co-chairs discussed areas where Saudi Arabia and China look to strengthen their relationships, such as oil and petrochemicals, decarbonization technologies, electricity and renewables, hydrogen, energy efficiency, civil nuclear energy, and supply chain security, in addition to industrial cooperation, the fourth industrial revolution, mining and logistics, civil aviation and aviation security, and digital economy. In addition, they agreed to jointly coordinate investments in the countries of the Belt & Road Initiative (BRI). The proposed cooperation aims to ensure oil supply and demand security to B&R countries. — SPA
