SAUDI ARABIA: Crude oil exports to China expected to rise more than 16% this year

摘要

Saudi Arabia is expected to sell 50 million metric tons of crude to China this year, up more than 16% from last year, according to the Saudi Press Agency. Citing the Chinese ambassador to Saudi Arabia, Yang Honglin, China, which recently overtook the US as the biggest buyer of Saudi crude, will need more oil to feed its expanded oil refining capacity and storage facilities.