Custodian of the Two Holy Mosques, Chinese Premier Wen discuss relations, region’s developments

Saudi Arabia, China sign agreements, cooperation programs

Crown Prince Naif’s talks with Chinese premier dealt with bilateral relations, recent developments

Saudi Arabia, China issue joint statement at conclusion of Wen’s visit

Defense Minister Prince Salman receives Spanish minister of foreign affairs, cooperation

Saudi oil minister says kingdom capable of providing oil production at full capacity

The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud received at his palace Chinese Premier Wen Jiabao and the accompanying delegation.

The Custodian of the Two Holy Mosques held talks with the Chinese Premier who conveyed the greetings and appreciation of the Chinese President Hu Jintao to the Custodian of the Two Holy Mosques. In turn, the King sent his greetings to the Chinese President.

The Custodian of the Two Holy Mosques welcomed the Chinese Premier and the accompanying delegation, wishing them a pleasant stay in the Kingdom of Saudi Arabia.

The Chinese Premier expressed thanks to and appreciation of the Custodian of the Two Holy Mosques for the warm welcome and generous hospitality accorded to them.

Then, the two sides discussed the events and developments at regional and international arenas in addition to aspects of cooperation between the two countries and ways of enhancing them in all fields to the interests of the two friendly countries.

The audience was attended by Crown Prince Naif bin Abdulaziz Al Saud, Deputy Premier and Minister of Interior; Prince Salman bin Abdulaziz, Minister of Defense; Prince Saud Al-Faisal, Minister of Foreign Affairs; Prince Muqrin bin Abdulaziz, Chief of General Intelligence; Prince Meteb bin Abdullah bin Abdulaziz, Member of State, Member of Cabinet and Commander of the National Guard; and a number of princes, ministers and officials.

Crown Prince Naif bin Abdulaziz Al Saud, Deputy Premier and Minister of Interior, received at the Conference Palace Chinese Premier Wen and the accompanying delegation.

At the outset of the meeting, Prince Naif welcomed Wen and the accompanying delegation to the Kingdom of Saudi Arabia.

Wen thanked the Crown Prince for the warm reception and generous hospitality.

The Crown Prince held a dinner banquet in honor the Chinese Premier and the accompanying delegation.

The audience and dinner banquet were attended by Prince Salman bin Abdulaziz, Minister of Defense; Prince Saud Al-Faisal, Minister of Foreign Affairs; Prince Muqrin bin Abdulaziz, Chief of General Intelligence; and a number of officials.

Prince Naif and Premier Wen held talks with Chinese Premier Wen Jiabao at the Conference Palace.

The talks dealt with regional and international issues of common interest in addition to means of enhancing relations between the two friendly countries.

The meeting was attended by Prince Salman bin Abdulaziz, Minister of Defense; Prince Saud Al-Faisal, Minister of Foreign Affairs; Prince Muqrin bin Abdulaziz, Chief of General Intelligence; and a number of officials.

Wen received at his residence in the Conference Palace, the Secretary General of the Organization of Islamic Cooperation (OIC), Dr. Ekmeleddin Ihsanoglu.

During the meeting, they discussed issues of common concern.

Secretary General of Gulf Cooperation Council (GCC) Dr. Abdullatif bin Rashid Al Zayani met with Chinese Premier Wen.

During the meeting, they discussed the overall relations between the GCC and China with Dr. Al-Zayani stressing the remarkable growth of bilateral relations between the two sides in the economic and trade fields.

Prince Saud Al-Faisal, Minister of Foreign Affairs, held a session of official talks with Yang Jiechi, Foreign Minister of the People's Republic of China.

The meeting came on the sidelines of the visit of the Chinese Premier Wen to the Kingdom of Saudi Arabia.

The talks dealt with bilateral relations between the two countries and ways of strengthening them, as well as the regional and international issues of common interest.

The session of talks was attended by Prince Turki bin Mohammed bin Saud Al Kabeer, Under Secretary of the Ministry of Foreign Affairs for Multilateral Relations; Engineer Yahya Al-Zaid, Saudi Ambassador to the Republic of China (PRC); members of the Chinese delegation accompanying the Chinese Foreign Minister.

In the presence of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and visiting Chinese Premier Wen Jiabao, Saudi Arabia and China signed a number of agreements and cooperation programs between the two countries.

A cooperation program between the Diplomatic Studies Institute of the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Chinese Foreign University was signed by Prince Saud Al-Faisal, the Foreign Minister, and his Chinese counterpart Yang Jiechi.

A memorandum of understanding between the Saudi Arabian Basic Industries (SABIC) and the Chinese Sinopec Corporation was signed to build a plant to produce poly carbonate in the Chinese city of Tianjin. It was signed by Prince Saud bin Abdullah bin Thinayan, President of the Royal Commission for Jubail and Yanbu, who is also President of SABIC, and Futching Yu, the President of the Board of Directors of Sinopec.

On the other hand, Dr. Youssef Al-Othaimeen, the Minister of Social Affairs and Acting Minister of Culture and Information, and Yang Jiechi, China's Foreign Minister, signed the executive program for the Cultural Arrangement between the governments of China and Saudi Arabia for the years from 2012 to 2017.

An agreement between the two governments on the peaceful usage of nuclear energy was also signed. Signatories for the two parties were Dr. Hashem Yamani, President of King Abdullah City for Atomic and Renewable Energy, and Chang Peng, President of the National Commission for Development and Reforms of China.

A working program between King Abdulaziz Public Library and the University of Beijing was signed by Faisal bin Abdulrahman bin Muammar, the library's General Supervisor, and Li Yanson, President of the Chinese university.

The audience was attended by Crown Prince Naif bin Abdulaziz Al Saud, Deputy Premier and Minister of Interior; Prince Salman bin Abdulaziz, Minister of Defense; Prince Muqrin bin Abdulaziz, Chief of General Intelligence; Prince Meteb bin Abdullah bin Abdulaziz, Member of State, Member of Cabinet and Commander of the National Guard; Prince Abdulaziz bin Abdullah bin Abdulaziz, Deputy Foreign Minister; Eng. Ali al-Naimi, Minister of Petroleum and Mineral Resources; Eng. Mohammed Al-Madhi, Vice President of the SABIC's Board of Directors, who is also the company's Executive President, and Yahya Al-Zaid, the Saudi ambassador to China.

The meeting was also attended by members of the official accompanying delegation of the Chinese Prime Minister.

On conclusion of a visit paid to the Kingdom of Saudi Arabia by Chairman of State Council of People's Republic of China and Premier Wen Jiabao, the following joint statement was issued this week:

'At the invitation of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia, the Premier; the Chairman of State Council of People's Republic of China and Premier Wen Jiabao paid an official visit to the Kingdom of Saudi Arabia on January 14-16, 2012.

The Custodian of the Two Holy Mosques and the Crown Prince, Deputy Premier and Minister of Interior held meetings with Jiabao in a friendly and cordial atmospheres during which they reviewed bilateral relations and international and regional issues of common concern.

The two sides expressed their satisfaction over major developments witnessed in relations of friendship and cooperation between the two countries in all fields since the establishment of diplomatic relations between them, stressing their readiness to improve these relations in the framework of strategic relations to serve the joint interests of the two countries and their peoples in all fields and to strengthen peace, stability and development at regional and global arenas.

In the context of the desire to expand the ties of close friendship between the two peoples, to enhance Saudi-Chinese relations, and to promote cooperation between the two countries in all fields, it was agreed between the two sides to emphasize the following:

1- The intensification of the exchanges of high-level visits and consultations at all levels to exchange views on various fields and international and regional issues of common concern to achieve the joint interests of the two countries and their peoples.

2- The significance of enhancement of economic, trade and investment exchanges effectively and the increase of cooperation in the fields of energy and infrastructures to achieve the comprehensive development of relations of cooperation existing between the two countries.

3- The Saudi side reaffirmed its commitment to One-China Policy, and the Chinese side expressed its appreciation for this. 4- Support and encouragement of cultural exchanges between the two countries at official and popular levels, and promotion of exchanges and cooperation between the two countries in the fields of information, tourism, health and agriculture.

5- Support for cooperation in the fields of youth, sports, technical and technological education to enhance understanding and friendship between the two countries and their peoples.

6- The two sides stressed the importance of preventing the proliferation of weapons of mass destruction of all kinds, and the two sides expressed their support for making the Middle East, a zone free of weapons of mass destruction including nuclear weapons, in accordance with international resolutions in this regard.

7- Strengthening of political cooperation in the light of international law to resolve international conflicts existing in the world in general and the Middle East in particular by peaceful means and as well as strengthening of peace and stability in the Middle East.

8- As for the peace process in the Middle East, the two sides reaffirmed that a comprehensive and just solution to Arab-Israeli conflict based on relevant international legitimacy resolutions will be the firm basis of stability in the Middle East, and eliminate a major source of tension and threat to international peace and security.

In this regard, the two sides stressed their support for the establishment of an independent and viable Palestinian state, emphasizing the importance of Arab peace initiative as approved by Beirut Summit in 2002 and confirmed by Arab Summit in Riyadh in 2007 and referred to by the resolutions of the United Nations and statements of International Quartet Committee.

9- The two sides stressed their absolute rejection of terrorism in all its forms and manifestations, which threaten peace and stability in the world, emphasizing their readiness to enhance security cooperation in this regard, and they agreed on the importance of intensifying international cooperation to combat it, whatever might be its reasons.

10- The two sides agreed that the visit of the Chinese Premier to the Kingdom of Saudi Arabia culminated in full success, expressing their confidence that it will give a strong impetus for the development of friendly relations and stabled permanent cooperation. The Chinese side expressed its thanks to the Saudi side for the warm welcome and generous hospitality accorded to them during their visit to the Kingdom.

Meanwhile, Prince Salman bin Abdulaziz, Minister of Defense received Spain's Minister of Foreign Affairs and Cooperation Jose Manuel and the delegation accompanying him.

During the meeting, they discussed the bilateral relations between the Kingdom of Saudi Arabia and Spain, means of strengthening cooperation as well as the latest developments at the regional and international arenas.

The meeting was attended by the Director General of the Office of the Minister of Defense, Lt. General Abdulrahman bin Saleh Al-Bunyan and the Ambassador of Spain to the Kingdom of Saudi Arabia, Pablo Bravo.

On the other hand, Saudi Arabia’s oil minister told CNN in an exclusive interview that the country can make up for any loss of crude oil production if sanctions are placed on Iran.

"I believe we can easily get up to 11.4, 11.8 (million barrels a day) almost immediately, in a few days, because all we need is to turn valves," Saudi Oil Minister Ali al-Naimi told CNN's John Defterios. "Now to get to the next 700 or so, we probably need about 90 days."

When asked about whether Saudi Arabia could make up for Iran's exports of 2.2 million barrels a day, al-Naimi said the country has a spare capacity "to respond to emergencies worldwide, to respond to our customer demand, and that is really the focus. Our focus is not on who drops out from production, but who wants more."

He also discussed his outlook for oil prices in 2012 amid tensions in the Gulf region.

"Our wish and hope is we can stabilize this oil price and keep it at a level around $100" for the average barrel of crude, al-Naimi said.

Iran has threatened to close the Strait of Hormuz, the only outlet from the Persian Gulf, as it faces increased scrutiny over its nuclear program. The critical shipping lane had 17 million barrels of oil per day passing through in 2011, according to the U.S. Energy Information Agency.

But al-Naimi dismissed the concern.

"I personally do not believe that the strait, if it were shut, will be shut for any length of time. The world cannot stand for that," he said.