CGTN: Deepening China-Arab energy cooperation born of win-win scenarios


Source: jimmyspost.com jimmyspost.com

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BEIJING, Dec. 9, 2022 /PRNewswire/ — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent of China’s oil supplies are imported. In 2021, China imported 265 million tonnes of crude oil from Arab countries, accounting for 51.6 percent of the national total. To date, more than 200 large-scale cooperation projects in energy and infrastructure have been implemented,...