Friday, April 23, 2010

Saudis tighten China energy ties to reduce US dependence ...

Hurriyet/ here
"... The partnership between Saudi Arabia and China is part of a broader strategy by the world’s largest oil exporter to tap Asian markets and extend global influence. It also helps Saudi Arabia reduce reliance on the U.S., which since World War II has protected Saudi security in return for stable oil supplies, said Ben Simpfendorfer, Hong Kong-based chief China economist at the Royal Bank of Scotland Plc.
“China’s rise has provided Saudi Arabia with an excuse to knock on Washington’s door and to say, you are not our only partner,” he said..."
I may add that this is worthy of attention taken China's relationship with Iran and the upcoming UN sanctions bazaar...

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