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In 2003, Petrotrans successfully negotiated a 60 million MT crude oil reserve with The Kingdom of Saudi Arabia on behalf of China.  The Chinese President HU Jin Tao and King Abdullah of Saudi Arabia officially signed the agreement during his State Visit to China in January 2006. Because China National Strategic Oil Reserve Program requires the crude oil, therefore, this arrangement plays an important and strategic role for China.  In his dedication to this project, PetroTrans put together a twenty-seven page report on this oil development project and submitted it to the Saudi Oil Minister, Mr. Ali Naimi and later to Saudi Aramco (better known as ARAMCO), the state-owned national oil company of Saudi Arabia.  This project amount to a USD53 billion deal between the two countries.



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