WebMar 29, 2024 · The latest trade deal comes as China tries to establish the renminbi as an international currency. The trade also came after President Xi Jinping traveled to Saudi Arabia in early December to strengthen economic ties with the Middle East and encourage the region to use the renminbi to settle its oil and gas trades. Web5 hours ago · Beijing brokered a milestone rapprochement deal between Iran and Saudi Arabia last month. Chinese President Xi Jinping told Gulf Arab leaders in December that China would work to buy oil and gas ...
Aramco health adds spice to Saudi’s yuan dilemma Reuters
WebApr 7, 2024 · China bid to weaken dollar China has placed an emphasis on settling oil and gas trades in yuan in recent years in a bid to establish its currency internationally and to weaken the dollar’s grip on world trade. Russia has increasingly embraced the yuan amid Western sanctions. WebMar 29, 2024 · China National Offshore Oil Corporation is one of the largest energy company's in the nation, and its CEO Yu Jin has proposed conducting more deals in … how to say cliche in spanish
China, Saudi Arabia strengthen partnership on energy, defence
WebMar 24, 2024 · China has for some time been buying increasing amounts of oil and liquefied natural gas from Iran, Venezuela, Russia and parts of Africa in its own currency — … WebMar 27, 2024 · Office of the Iranian Presidency, via Associated Press. China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy under a ... WebDec 8, 2024 · Energy is core. Last year, bilateral trade between Saudi Arabia and China hit $87.3 billion, up 30% from 2024, according to Chinese customs figures. Much of the … how to say cleome