Chinese Vice Premier Wang Qishan (R,
front) and visiting Russian Deputy Prime Minister Igor Sechin (L, front)
shake hands after signing an agreement in Beijing, China, April 21, 2009.
The Chinese and Russian governments signed an oil cooperation agreement on
Tuesday, marking a major breakthrough in bilateral energy cooperation.
(Xinhua/Li Xueren) Photo
BEIJING, April 21 (Xinhua) -- China and Russia
officials signed an oil cooperation agreement here Tuesday, which Chinese Vice
Premier Wang Qishan described as a major breakthrough in bilateral energy
The agreement was signed by Wang and Russian Deputy
Prime Minister Igor Sechin during the fourth round Sino-Russian energy
The document meant cooperation agreements between
Chinese and Russian companies could take effect, Wang told reporters.
Chinese Vice Premier Wang Qishan (R)
shakes hands with visiting Russian Deputy Prime Minister Igor Sechin
during their talks in Beijing, China, April 21, 2009.(Xinhua/Li
China and Russia signed seven energy cooperation
agreements in February, which included a pipeline construction project, a
long-term crude oil trading deal and a financing plan between the China
Development Bank and the Russia Oil Pipeline Transport Company.
"With shared efforts of the governments, enterprises
and banks of both sides, Sino-Russian energy cooperation has made substantial
progress" since both prime ministers held their 13th regular meeting last year,
During the negotiators' meeting, Wang said energy
cooperation was an important component of Sino-Russian strategic cooperation. It
was also especially significant given the global economic downturn, as it showed
the countries' willingness to work together for solutions, Wang said.
Sechin said the agreement was unprecedented and
bilateral cooperation would be permanent, with sound capital guarantees.
"Sino-Russian energy cooperation is systematic, comprehensive and long term, and
in accordance with the fundamental interests of the two countries," said Sechin.
Russia had started building the pipeline and
infrastructure construction would soon be finished, Sechin said. "We will
provide steady, reliable supplies of oil to China," he said.
Tuesday's talks also covered cooperation in natural
gas, nuclear energy, coal, electric power and the production of equipment for
MOSCOW, April 13 (Xinhua) -- The Russian government on
Monday approved an agreement with China on building a branch of the Eastern
Siberia-Pacific Ocean (ESPO) oil pipeline toward China and long-term Russian oil
After a cabinet meeting that discussed the agreement,
which was signed in February, Regional Development Minister Viktor Basargin told
reporters: "The decision has been made." Full story
BEIJING, March 27 (Xinhua) -- Chinese and Russian
officials said the two countries would increase mutual investment in a more
"flexible" and "pragmatic" way.
The National Development and Reform Commission (NDRC)
of China and the Ministry for Economic Development (MED) of the Russian
Federation had reached consensus to expand collaboration in the fields of
energy, machinery manufacturing and industrial chemicals, said NDRC director
Zhang Ping at the China-Russia Investment Forumon Friday. Full story