China ready to boost oil ties with GCC

China stands ready to deepen cooperation with Gulf countries across the entire oil and gas industry chain, and open up new avenues for collaboration in the renewable energy sector including power batteries and photovoltaic facilities, officials and executives said on Friday.

By deepening their collaboration, both regions can reap the benefits of their complementary strengths and expertise to ensure a stable and diversified energy supply and foster sustainable development, they said at the ongoing China-GCC Countries Forum on Industrial and Investment Cooperation, which began in Xiamen, Fujian province, on Thursday.

Amid a complex and ever-changing international landscape and energy market dynamics, both China and the Gulf Cooperation Council nations face significant challenges in ensuring energy security and achieving energy transition, said Dong Xiang, deputy director-general of the National Energy Administration's international cooperation department.