Because Communist China is far from self-sufficient in oil production, the country relies on imports for more than 70% of its oil consumption. According to Sina news on March 13, Saudi Aramco finally decided to invest and build a refinery in Communist China on March 10. Located in Panjin City, Liaoning Province, the project has the capacity to process 300,000 barrels of crude oil per day and is expected to enter operation in 2024.
According to the news, Saudi Aramco originally signed an agreement of cooperation with China North Industries Group Corporation (NORINCO) and Panjin Xincheng in 2017, but the project was halted in 2020 as global oil prices crashed during the CCP virus (Covid) pandemic. In 2022, after the Russia-Ukraine war, international oil prices skyrocketed above 100 USD. Europe and the United States reduced oil imports from Russia, which is a good opportunity for Saudi Aramco. In addition to this joint project, Saudi Aramco currently holds a 25% stake in the Fujian United Petrochemical and a 22.5% stake in the Sinopec Senmei (Fujian) Petroleum.
Being the world’s largest oil company, Saudi Aramco produces about 1/8 of the world’s crude oil supply. Data shows that Saudi Arabia is Communist China’s largest crude oil supplier in 2021. Saudi Aramco’s CEO Amin Nasser indicated: We must contribute to ensure China’s energy security for more than 50 years, not just the next five years.
Mr. Miles Guo revealed there are five countries in the evil alliance—Communist China, Russia, Iran, North Korea, and Saudi Arabia. These countries scheme to carry out a diversion strategy by igniting a war in the Middle East and disrupting the global energy supply. The plan is a counterattack against Western sanctions on Russia and potentially on Communist China (such as expulsion from the SWIFT banking system) and decoupling from Communist China and the Hongkong dollar so that Communist China can then invade Taiwan. Mr. Guo blew the whistle in 2021 that the Chinese Communist Party signed a 550-billion USD agreement with Saudi Arabia, and the objective behind this deal is to promote the CCP’s RMB to the international market as Saudi Arabia will accept trade settlement in RMB and digital RMB. Chen Yuan is the sole person who brokered the Aramco oil deal between the CCP and Saudi Arabia when the CCP agrees to pay 500 billion USD in cash and to own a 20% stake in Saudi Aramco. Mr. Guo actually dug a trap for the CCP in the Middle East—the CCP regime will fall into a helpless path over the Middle East and Europe, including its doomed “Belt and Road” initiative.