Saudi Arabia can accept payments for oil supplies to China in yuans - Negotiations are underway

11:35 - 16.03.2022

March 16, Fineko/abc.az. It is reported that Saudi Arabia is actively negotiating with Beijing to evaluate some of the oil it sells to China in yuans.

ABC.AZ reports that it is expected that the dominance of the US dollar in the global oil market will decrease, and the world's largest exporter of crude oil will turn to Asia.

Negotiations between Saudi Arabia and China on oil contracts in yuans, which lasted 6 years, accelerated this year. It is assumed that some political processes accelerate this process.