China, UAE look to boost oil, gas ties

Sept. 7, 2007 at 12:48 PM

BEIJING, Sept. 7 (UPI) -- China said it is ready to boost cooperation with the United Arab Emirates in the oil and gas sectors.

The Xinhua news agency reported Thursday that Chinese Premier Wen Jiabao told Shaykh Mohammed Bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates, that the countries could boost energy cooperation.

The comments, for which no direct quotes were provided, were made on the sidelines of a meeting of the World Economic Forum's Inaugural Annual Meeting of the New Champions in Dalian, China.

The United Arab Emirates holds the fifth-largest proven oil reserves in the Middle East and the fifth-largest proven natural gas reserves in the world, according to the U.S. Energy Information Administration, the Department of Energy’s data arm.

China needs energy to feed its rapidly growing economy.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
JetBlue first major airline to offer direct New York to Cuba flights
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue