ITAR TASS NEWS AGENCY - May 20, 2014
SHANGHAI, May 20. /ITAR-TASS/. Russia and China intend to broaden
cooperation in the oil industry and promote the soonest start of Russian
gas supplies to China, the leaders of the two countries said in a joint
statement adopted upon results of talks between Vladimir Putin and Xi
Jinping in the Chinese city of Shanghai on Tuesday.
According to the document, the two countries agreed “to step up
comprehensive Russian-Chinese energy partnership, broaden complex
cooperation in the oil industry, promote the soonest start of Russian
gas supplies to China, enhance cooperation in the coalmining industry,
including through development of deposits in Russia and development of
transport infrastructure and active development of construction projects
of new power-generating facilities in Russia for a higher electricity
export to China.”
Russia and China have signed 6 inter-governmental energy agreements
over the past year. More than 20 agreements were signed between Russian
and Chinese companies. The sides managed to reach agreements on a number
of strategic projects and move closer to forming an energy alliance.
Launch of Eastern Siberia - Pacific Ocean oil pipeline
The launch of the Eastern Siberia - Pacific Ocean Oil Pipeline
(Russia and China are implementing a large-scale project valued at more
than $60 billion for deliveries of crude oil to China on a pipeline
running from Skovorodino in Russia to Mohe in China) and contracts
signed by the Russian oil company Rosneft (in June 2013, Rosneft signed a
25-year-long $270 billion contract for the delivery of 360.3 million
tons of crude oil to China with the Chinese National Petroleum
Corporation - CNPC) laid down the foundation for fruitful cooperation.
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