Read everything from Debka with suspicion but remember two things:
1) Debka has sources the CIA would kill for
2) The Saudi's really, really dislike Iran.
From Debka via A Sclerotic Goes to War:
King Abdullah restored National Security Adviser Prince Bandar bin Sultan to favor for a very special mission. DEBKA-Net-Weekly’s military and intelligence sources reveal that the talented former ambassador to the US was recently brought back from exile to conduct secret negotiations with China for the oil kingdom’s acquisition of single-nuclear warhead, medium-range MRBM ballistic missiles – the Dong-Feng 21 (DF-21) model (NATO code name CSS-5).
After acting as the king’s confidential coordinator of Saudi intelligence in the Arab revolt, Bandar removed himself (or was removed) some months ago from Riyadh to escape the royal infighting plaguing the court.
Facing him across the negotiating table in Beijing was Chinese Defense Minister Liang Guanglie who reported directly to Chinese President Hu Jintao.
The first Saudi approach for these missiles was made when Chinese Premier Wen Jiabao called on the Saudi monarch on January 15. In their official communiqué, the two leaders announced they had “agreed to make concerted efforts to enhance bilateral relations under a strategic framework.”
The phrase “under a strategic framework” referred to the Saudi request for Chinese nuclear missiles....
...A colossal price payable in 23 years’ worth of oil supplies
Confident that Washington was unaware of the secret negotiations going on in Beijing, our intelligence sources report the Saudis offered the Chinese two major incentives for the deal:
1. The fabulous sum of $60 billion in payment for the purchase of the missiles. Part of the package would be the construction of new bases to house them in Saudi desert regions most inaccessible for Iranian attack.
2. Since solid investment outlets are hard to find in the global economy’s present state and Beijing suffers from a surfeit of cash, Bandar also put on the table as part of the price a long-term Saudi commitment to cover all of China’s oil needs until the year 2035, no matter what happens in the interim and irrespective even of an oil crisis besetting the desert kingdom.
Never before has any oil-producing country offered such terms – least of all the world’s largest oil exporter. In effect, Gulf sources point out, Riyadh agreed to open its oil fields to partial Chinese control for the sake of gaining nuclear missiles....MORE