www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Urgent: Annan says Iran still interested in nuclear talks with EU     Urgent: Sharon's brain scan shows positive results    Urgent: Shell cuts production again in Nigeria as pipeline demolished     Urgent: Shell loses 226,000 bpd in Nigeria after kidnapping, pipeline damage     URGENT: EU trio seek to refer Iran to U.N. security Council     Yushchenko asks parliament to cancel vote of sacking govt    
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   
China, India agree on energy cooperation
www.chinaview.cn 2006-01-13 00:05:13

  
India's petroleum minister arrived in China amid hopes the two Asian giants might cooperate rather than compete for access to the world's hotly contested energy reserves. [AFP]
    BEIJING, Jan. 12 (Xinhuanet) -- China and India signed five memoranda on energy cooperation Thursday.

    Future exchanges will be on "a full spectrum", said the Indian Petroleum and Natural Gas Minister Mani Shankar Aiyar Thursday evening.

    Aiyar is visiting China as guest of Ma Kai, minister in charge of the Chinese National Development and Reform Commission (NDRC). He is accompanied by a batch of major Indian petroleum firms.

    According to NDRC, the Indian delegation met with major China players Thursday, including China National Petroleum Corporation (CNPC), China Petrochemical Corporation (SINOPEC), and China National Offshore Oil Corporation (CNOOC).

     Aiyar said China and India have agreed to strengthen the exchange of information when bidding for oil resources in a third country in order to realize mutual benefit.

    China and India last month won a joint bid to buy Petro-Canada's 37 percent stake in Syrian oilfields, marking the first cooperation in bidding for overseas oil resources.

    "Unbridled rivalry between Indian and Chinese companies is only to the advantage of the seller," said Aiyar.

    Aiyar said that the memoranda, of which four are commercial, cover a full scope of areas, including upstream exploration and production, refining and marketing of petroleum products and petrochemicals, the laying of national and trans-national oil and gas pipelines, frontier and cutting-edge research and development, and promotion of environment-friendly fuels.

    The two countries will also tap potential for working together on bio-fuels, such as vegetable oils blending with diesel and ethanol blending with gasoline.

    A working group will be established soon, said Aiyar. The group will meet at least once a year to keep track of the cooperation.

    This year is dubbed as the "Year of Friendship between China and India". Enditem

  Related Story
Stars at Critics' Choice Awards
Ukraine president urges MPs not to sack govt
Cecilia Cheung on Magazine
- Iran still interested in nuke talks with EU: Annan
- Sharon's brain scan shows positive results
- China denies cruelty in shark fishing
- China warns Japan about Lee Teng-hui visit
- US House group in China for visit
- Ukraine president urges MPs not to sack govt
- US negotiator in China to push forward nuclear talks: FM
- Bird flu detected in 11 cities across Turkey
- Bush eases position on domestic spying program
- Bin Laden's aide boycotts Guantanamo trial
- US threatens to take Syria to United Nations
- Chavez's speech reignites spat between Peru, Venezuela
- EU extends surveillance measures against bird flu
- US National Guard soldiers file $73m lawsuit against govt
- Annan appoints new head for Hariri probe panel
- Man stabs 9 at Moscow synagogue
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.