China, Russia and Saudi Arabia Form Oil Coalition

7

Saudi Aramco has entered into an agreement with Chinese firms North Huajin Chemical Industries Group and Panjin Xincheng Industrial Group to develop a refinery and chemical plant in northeastern China. The project will be put into operation in two years.

The Saudis, under the agreement, will supply the Chinese side with 210 barrels of oil per day. China will thus be able to satisfy domestic demand for products of the energy and chemical industries.



It is noteworthy that Riyadh went for rapprochement with Beijing after the refusal of Saudi Arabia and the UAE to cooperate with the United States in increasing the level of oil production. Washington asked for this in order to reduce world prices for "black gold" - one of the main export goods of Russia, a limited embargo on the purchase of which the United States has announced.

At the same time, back in early February, during Putin's visit to China, Rosneft signed an agreement with China National Petroleum Corp (CNPC) to supply 200 barrels of oil per day to refineries in the northwestern part of China.

In addition, on Monday, March 14, China signed an agreement with Saudi Arabia on the construction of an oil refinery on Chinese territory, the raw material for which will be oil from Russian fields.

Thus, recent events actually point to the creation of an "oil coalition" between China, Saudi Arabia and Russia.
  • redhawkgroup/pixabay.com
Our news channels

Subscribe and stay up to date with the latest news and the most important events of the day.

VK Zen Telegram
7 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. Sega19
    Sega19
    -5
    14 March 2022 19: 32
    Again, the construction of the refinery is not at home, why don’t we look into the future, haven’t we had enough problems with fuel shortages due to sanctions yet ?? Once they believed that we don’t need to do anything, we’ll buy everything in the West, and what is the result?.....
    1. Ulysses
      Ulysses
      +6
      14 March 2022 19: 51
      not yet fed up with problems with a lack of fuel due to sanctions ??

      Where are your fuel problems?
      We in Kaliningrad (on the island) do not feel any problems, the price tags have not changed either.
      1. Rusa
        Rusa
        +3
        15 March 2022 08: 42
        Soon you will have Poles in queues
        at gas stations like Lithuanians in Belarus. )
    2. 123
      123
      +5
      14 March 2022 20: 13
      Again, the construction of the refinery is not at home, why don’t we look into the future, haven’t we had enough problems with fuel shortages due to sanctions yet ?? Once they believed that we don’t need to do anything, we’ll buy everything in the West, and what is the result?.....

      There is just a little left ... to convince the Chinese comrades that they do not need the plant, it is better to buy ready-made from us.
      From the point of view of our interests, you are undoubtedly right. hi but that's how life goes. If you notice, the Saudis will also not process at home. By the way, the demand for products of deeper processing is not guaranteed. The Saudis once suffered when demand in Europe fell, and the fuel had to be put somewhere or the plant should be stopped, and the shelf life of gasoline was not at all long.
    3. Panikovsky
      Panikovsky
      0
      16 March 2022 18: 38
      Snot, wipe your drool, and don't whine. Everything is done right.
  2. Bulanov
    Bulanov
    +2
    15 March 2022 09: 16
    It looks like US hegemony is coming to an end. Arabs always keep their nose to the wind and almost never make a mistake. And now they sensed that China was winning.

    The mustachioed opponent strikes, And I'm always for those who win. ... Happy way to the afterlife, The winner remains under the sun!
  3. Panikovsky
    Panikovsky
    0
    16 March 2022 18: 35
    Anti-Amerovo cartel is not bad, I welcome.