China, Saudi ink nuclear cooperation pact

JAYRAM

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Saudi and Chinese officials sign the agreement in the presence of Custodian of the Two Holy Mosques King Abdullah, Crown Prince Naif and Defense Minister Prince Salman in Riyadh on Sunday. (SPA)


By GHAZANFAR ALI KHAN I ARAB NEWS
Published: Jan 16, 2012 00:42 Updated: Jan 16, 2012 00:42

RIYADH: Saudi Arabia signed an agreement with China in Riyadh Sunday for cooperation in the development and use of atomic energy for peaceful purposes, which will help to meet the Kingdom's rising demand for energy and cut its growing dependence on depleting resources.

The signing ceremony was witnessed by Custodian of the Two Holy Mosques King Abdullah and Chinese Prime Minister Wen Jiabao together with a large number of high-ranking Saudi and Chinese officials.

"The nuclear energy cooperation agreement seeks to establish a legal framework that strengthens scientific, technological and economic cooperation between Riyadh and Beijing, while the two sides reaffirm their desire to place the highest priority on nuclear safety and environmental protection," said an official source. On behalf of the Kingdom, Hashim Abdullah Yamani, president of King Abdullah City of Atomic and Renewable Energy, signed the nuclear agreement.

Zhang Ping, chairman of the National Development and Reform Commission of China, signed on behalf of Beijing.

Another agreement to boost cooperation in the field of academics and library affairs was signed by the Riyadh-based King Abdulaziz Public Library (KAPL) and Beijing University. The agreement will broaden the scope of cooperation between the two premier institutions and allow KAPL to open its branch in the Chinese capital.

Talks between King Abdullah and Wen as well as the two signing ceremonies were attended by a large number of Saudi and Chinese officials including Crown Prince Naif, minister of interior; Prince Salman, minister of defense; Prince Muqrin, chief of General Intelligence; Prince Saud Al-Faisal, foreign minister; Prince Miteb bin Abdullah, minister of state and president of the National Guard; Prince Abdulaziz bin Abdullah, deputy minister of foreign affairs; and Ali Al-Naimi, minister of petroleum & mineral resources.

Asked about the details of the official meetings Sunday, Li Lianghua, a spokesman of the Chinese Embassy, said the talks with King Abdullah was preceded by Wen's meetings with GCC Secretary-General Abdullatif Al-Zayani and OIC Secretary-General Ekmeleddin Ihsanoglu. He also held talks with Shoura officials. The talks with King Abdullah covered the whole gamut of bilateral issues and regional development, said another Chinese official.

He said the two countries pledged to work together to promote political and commercial relations as well as boost links in energy, trade, infrastructure, culture, press and security fields.

"China has also welcomed a move to organize a high-profile symposium in Beijing in mid-2012 to discuss relations between China and the Muslim world with special reference to Beijing's relations with Muslims in the past and the future perspectives of Islamic-Sino ties," he added.

The pledge for a closer partnership was made during the wide-ranging talks between King Abdullah and the Chinese premier. Speaking on the occasion, Wen said: "The two countries strengthened high-level exchanges and promoted mutual trust in recent years despite the fact that international and regional situations became complicated and volatile." He said both countries have treated each other as equals with respect, and their cooperation has been fruitful since the establishment of diplomatic ties 22 years ago.

"China and Saudi Arabia are both in important stages of development, and there are broad prospects for enhancing cooperation," said Wen. "The Chinese government encourages companies in the country to take part in Saudi infrastructure construction ventures such as railways, ports, electricity and telecommunications," said the Chinese premier after talks with senior Saudi officials. He also called on Riyadh and Beijing "to enhance security and law enforcement cooperation, and promote people-to-people exchanges in education and sports."

Saudi Arabia is China's biggest source of imported oil, and securing energy security was high on Wen's agenda in Riyadh, said the official. China and Saudi Arabia should keep deepening cooperation as China is already Saudi Arabia's biggest customer and the Kingdom is keen to diversify its economic ties, he noted. On Saturday, the state-run Saudi oil giant Aramco and Chinese companies finalized an initial agreement signed last year to develop a 400,000 barrel per day (bpd) refinery in Yanbu, on the Kingdom's Red Sea coast.

On a regional front, GCC chief Al-Zayani expressed his keen interest to boost ties with China further during his talks with Wen in Riyadh Sunday. "Al-Zayani and Jiabao discussed during the meeting issues of regional and international importance with the GCC official lauding China's stance on topics pertaining to the Iranian nuclear program and the GCC initiative in Yemen," said a statement released by the GCC General Secretariat after the talks.

Al-Zayani also expressed happiness over the increase of commercial exchange between China and the GCC, which amounted to $100 billion last year.

In regards to the bilateral free-trade negotiations, the GCC official affirmed that talks are on track since they were launched in 2006. Saleem S. A. Al-Alwi, GCC spokesman, said Wen spoke highly of the GCC's achievements in safeguarding regional peace and stability since its establishment.

Saleem said the two sides expressed keen interest to work together and "to make full use of the strategic dialogue mechanism, plan bilateral cooperation from a macro perspective and highlight strategic cooperation for mutual benefit." Wen called on both sides to build up mutual understanding, deepen political ties, and continue to understand and support each other on issues concerning each other's core interests and major concerns.

He urged both sides to enhance coordination and cooperation in international and regional affairs, maintain common interests, deepen pragmatic cooperation on energy, economy and trade. Al-Zayani said after the talks the GCC as a regional bloc attaches great importance to strategic cooperative relations with China. "GCC is ready to work with China to enrich and improve cooperation mechanisms in all areas," said the GCC chief, adding that member states are ready to maintain communication and coordination with China on major international and regional issues.

Wen also met with OIC chief Ihsanoglu and discussed ways of developing relations between the OIC and China, said a report published by International Islamic News Agency (IINA) on Sunday. The two officials also discussed current issues and regional developments especially in the Muslim world, said the report, adding that the OIC underlined relations between China and the Muslim world, which has not faced any problems in the past, stressing on the need to develop the mutual relationship.

The talks also focused on the importance of strengthening the strategic relationship between the OIC and China, and emphasized on continuing cooperation between the two sides. The OIC and Chinese officials also welcomed the move to organize a symposium in Beijing in mid-2012 to address the relations between China and the Muslim world in the context of the past and the future perspectives. The Chinese premier said his country "accords great importance to the convening of this symposium in cooperation with the OIC and the Academy of Social Sciences in Beijing.

They also agreed to establish a trade exhibition at the World Trade Center in Ninshia, to be organized in cooperation between the OIC Islamic Centre for Development of Trade (ICDT) and officials in Ninshia, China. On the other hand, Wen also expressed his country's interest in supporting development projects and infrastructure in OIC countries, including Port Sudan, Dakar Railway Project and many more projects from the Red Sea to the Atlantic Ocean. The Chinese premier will wrap up his three-day visit to Riyadh Monday morning evening and leave for the United Arab Emirates. He will then proceed to Qatar for a day's visit.


Kingdom, China ink nuclear cooperation pact - Arab News
 

amoy

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There must have been some trade-offs btwn China and Saudi

China Railway Construction slumps on Saudi rail project loss
(AFP) – Oct 25, 2010
SHANGHAI — Shares in China Railway Construction slumped Tuesday after it said it expects to lose 4.2 billion yuan (623 million dollars) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia.

Shanghai-listed shares of the construction contractor closed down 5.24 percent to 7.6 yuan while its Hong Kong-listed shares dropped 13.98 percent to 9.6 Hong Kong dollars (1.2 US dollars).

Trading in China Railway Construction was suspended on Monday before the announcement.

The company signed a contract worth 12.1 billion yuan in February 2009 with the Saudi government to construct the Al-Mashaaer Al-Mugaddassah metro light rail, according to a statement filed with the Shanghai Stock Exchange.

The monorail project, which links several holy cities including Mecca, is scheduled to open next month, operating at 35 percent capacity. It is due to reach full capacity by May 2011.

However, the project is incurring a significant loss "as the amount of actual work has significantly exceeded estimates made at the time the contract was signed", the company said in the statement.

The firm added its client had substantially increased the transportation capacity of the project for 2010 as compared with the capacity set out in the contract.

An underground pipeline network, land expropriation and relocation managed by the client were substantially delayed.

The company said it would book a 3.6 billion yuan loss on the project in its third-quarter financial results and it is expected to have a "material impact" on its full-year earnings.

The firm already recorded a loss of 294 million yuan from the project in 2009 and 254 million yuan in the first half of the year, according to the statement.
 

Bhadra

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China seems to be assiduously working on "Clash of Civilisation " theory under which Hans will side with Islamofobiacs in the clash
 

Ray

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It obviously has the US' blessing.

It will spur the nuclear race between Iran and the Bedouins.
 

Ray

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It obviously has the US' blessing.

It will spur the nuclear race between Iran and the Bedouins.

Ideal time to fish in troubled waters!
 
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nimo_cn

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Saudi Arabia signed an agreement with China in Riyadh Sunday for cooperation in the development and use of atomic energy for peaceful purposes, which will help to meet the Kingdom's rising demand for energy and cut its growing dependence on depleting resources.


Come on, they are not building a nuclear bomb, it won't hurt anybody.
 

amoy

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Then allow me to say 'too simple sometimes naive'. Let's think abt NK (and Iran) - both claimed to explore nuclear energy for civil purposes at the very beginning

IMO China is playing a balancing act btwn Iran and Saudi, elevating co-op with Saudi while not bending over the US's request to sanction Iran


Saudi Arabia signed an agreement with China in Riyadh Sunday for cooperation in the development and use of atomic energy for peaceful purposes, which will help to meet the Kingdom's rising demand for energy and cut its growing dependence on depleting resources.


Come on, they are not building a nuclear bomb, it won't hurt anybody.
 

amoy

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They also agreed to establish a trade exhibition at the World Trade Center in Ninshia, to be organized in cooperation between the OIC Islamic Centre for Development of Trade (ICDT) and officials in Ninshia, China.
Guess Ninshia shall be a typo of Ningxia. Then it would be silly for China to allow Wahabi (fundamentalism) to make further inroads into China (provoking its revitalization) for the sake of a "red bean soup" (what trade?)
 

Ray

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Every country starts with having nuclear energy for peaceful purpose.
 

Ray

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Then allow me to say 'too simple sometimes naive'. Let's think abt NK (and Iran) - both claimed to explore nuclear energy for civil purposes at the very beginning

IMO China is playing a balancing act btwn Iran and Saudi, elevating co-op with Saudi while not bending over the US's request to sanction Iran
It may appear a balancing act, but it will surely upset Iran to have a challenger in the nuclear realm in the Middle East.

Iran and the Bedouins are not on very friendly terms as it is, apart from the religious differences where each claims to be the guardian of their sect!

One has to watch for Iran's reaction to be sure.
 

asianobserve

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My worst fears is beginning to happen. Soon every stretch of desert sand in that crazy region is armed with nuclear weapons... This is just great! Let everybody have nuclear weapons, anyway according to some it's a basic national right... :frusty:

With this joint Saudi and Chinese declaration I think China is on board the Iran sanctions regime now.
 

ejazr

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Well the Saudis have signed nuclear energy deals with france South Korea, Argentina and in talks with the us on a Indian style ivil nuke deal. So this is not a first.

Since 2008, there has been a stated goal of building 16 nuclear power plants by 2020 and the Saudis surely have the capital and support to make that happen. All NSG companies will be eager to take a piece of lucrative pie given the slowdown around the world in this sector.

The Saudis are getting smart because it makes much more sense to sell oil at a profit rather than burn it at home to produce electricity. Other Saudis, UAE is also very keen to get their hands dirty with nuclear energy .
 
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The Messiah

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It obviously has the US' blessing.

It will spur the nuclear race between Iran and the Bedouins.

Ideal time to fish in troubled waters!
Exactly!

Without usa approval saudis would have never signed it. shows double standard of usa regarding iran.

and as a matter of fact id rather iran have nukes than saudis!
 

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