Saudi Top Oil Brass On China Charm Offensive
Saudi Oil Minister Ali Naimi spent most of the past week in Asia, where he presided over his last board meeting as Chairman of Saudi Aramco in Seoul before heading to Beijing, where he made a strong pitch for a deeper energy relationship with China. Saudi Arabia is hoping to double exports to China. It wants to expand its downstream presence with an offer to help upgrade China’s refineries.
Both Mr Naimi and outgoing Saudi Aramco CEO...