VOL. XXXIX

No. 13/14

25-December-1995/1 January 1996

SAUDI ARABIA

Saudi Arabia Wins China's Backing For Joint Venture Refining Projects

The Saudi Oil Minister, Mr. 'Ali al-Naimi said last week in Beijing that China backs the setting up of joint venture refining projects with Saudi Arabia in order to meet demand for products in its fast-growing market. Following a meeting with Chinese Prime Minister Li Peng, Mr. Naimi noted that his Chinese host welcomed the idea of establishing joint...