www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Urgent: Israeli helicopters mount air raid in Gaza Strip    Urgent: NASA says won't attempt shuttle launch until at least Sunday    Urgent: Loud explosion rocks central Baghdad    URGENT: Nepali king reshuffles cabinet    Urgent: Israeli woman wounded critically by Gaza rocket    US army captures suspected killer of Egyptian envoy    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Source Manufacturers and Suppliers from China and around the world
   News Photos Voice People BizChina Feature About us   
Russia prioritizes China over Japan for oil
www.chinaview.cn 2005-07-15 11:15:55

    BEIJING, July 15 (Xinhuanet) -- Russian President Vladimir Putin said his country will prioritize China over Japan as the recipient of oil supplies from a pipeline project linking eastern Siberia with the Russian Far East.

    Putin made the remarks during a news conference after the three-day summit of the Group of Eight powers in Gleneagles, Scotland, according to a report by Japan's Kyodo news agency

    Both Japan and China have tried to convince Russia to favor it in planning the pipeline's route. Russia had at one point last year agreed to build a 4180-km pipeline from Taishet near Lake Baikal to Nakhodka on Russia's Sea of Japan coast, Japan's preferred route. Tokyo has offered to extend some $12 billion to help finance the project.

    China, which had initially inked the deal for a pipeline from the Siberian oil fields to Daqing, later offered Moscow more than $13 billion, Kyodo said.

    In April, Moscow issued an order for the pipeline to be built from Taishet to the halfway point at Skovorodino near the Russian-China border, triggering worries in Tokyo that oil supplies would go to China first.

    Putin made it plain this time that the construction of the Pacific-bound pipeline will be contingent on development of a new oil field in eastern Siberia -- where the amount of oil deposits remains unconfirmed.

    He said the three-year first phase of the project will be launched as early as this year, with 20 million tons of oil supplied to China a year and another 10 million tons transported to the Pacific by train.

    Japan has told Russia it may not offer financing for the pipeline project if the prospect of Russian oil reaching the Sea of Japan coast diminishes.

    Kyodo quote Japanese observers as saying Putin's remarks indicate that the Japanese government's strategy to build up bilateral ties with Russia through the pipeline project in the hope of finding a way to make progress with the ongoing territorial row have been dashed with the latest developments.

    When complete, the pipeline is expected to funnel 80 million tons of oil a year.Enditem

  Related Story
Super model Caprice's hot beach holiday
Silence observed for London bombing victims
Annie Yi: mammy ever young
- Russia prioritizes China over Japan for oil
- London blast probe focuses on chemist, Briton
- Bill monitoring China arms sales rejected
- CNOOC's Unocal bid at crucial moment: company official
- China's forex reserves tops US$711bn
- Japan flouts warnings not to grant drilling
- Formaldehyde content in Chinese beer low: industry assocation
- Next shuttle launch try most optimistically on Sunday
- Trio agree to reform format of 6-party talks
- Israel launches retaliatory airraid on Gaza
- No country safe from attacks: Chirac
- Nepali king reshuffles cabinet
- US army captures suspected killer of Egyptian envoy
- Russia govt approves federal space program
- Italy warned at risk of terror strike
- US hosts military trainings for central Asian nations
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.