Saudi Arabia says the want to create the “petroyuan” after Saudi Arabia refuses to accept American plan

by

Saudi Arabia’s minister of industry says country willing to ‘try new things’ in relationship with China, Chinese companies ‘welcome’

A top official from Saudi Arabia said the country is “open to new ideas” – including use of the yuan in crude settlements – as the oil-rich Middle Eastern nation looks to incorporate Chinese products like electric vehicles (EVs), the C919 passenger jet and renewable energy infrastructure while it attempts to diversify its economy.

https://www.scmp.com/economy/global-economy/article/3277788/saudi-arabia-open-petroyuan-closer-china-ties-minister-says

AC

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.