Plan for oil reserves agreed with Saudis

China and Saudi Arabia signed a plan covering strategic oil reserves on Tuesday and vowed to explore the potential of a Silk Road on the internet.

The signing came after the first meeting between the two countries of a high-level joint commission to coordinate cooperation.

The commission is led by Vice-Premier Zhang Gaoli and Saudi Arabia's Deputy Crown Prince Mohammed bin Sal-man, who is also the country's defense minister.