Page added on May 12, 2008
TAIPEI – Saudi Arabia has threatened to halt oil exports to Taiwan over Taipei’s reluctance to invest in Saudi Arabia’s power and water desalination plant, a report said Monday.
Saudi Arabia feels cheated by Taiwan’s delay to invest in the Independent Water & Power Provider (IWPP) project and has threatened to suspend oil exports to Taiwan, the United Daily News (UDN) reported.
Saudi Arabia supplies 100 million barrels of oil to Taiwan annually, accounting for half of all oil imports.
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