Home / International / State Exchanges Tools: Save | Print | E-mail | Most Read | Comment
Putin Confident of Energy Cooperation with China
Adjust font size:

Russian President Vladimir Putin said in Beijing Wednesday that Russia will step up energy cooperation with China and increase oil and gas supplies to its neighbor.

 

China and Russia on Tuesday inked three deals on oil and natural gas cooperation, including a summary of negotiations between the China National Petroleum Corp. (CNPC) and Transneft, a pipeline transport company of Russia.

 

"Transneft and the CNPC are having a feasibility study on laying branch oil pipeline to China. If the project could be implemented, which I have no doubt about, will help improve (Russia's) oil supply to China," said Putin Wednesday.

 

Putin and President Hu Jintao on Wednesday morning attended the opening ceremony of a high-level Sino-Russian economic forum, which was seen as an opportunity for the two countries to discuss detailed trade issues.

 

"In 2005, Russia has exported to China more than eight million tons of crude oil and become China's fifth largest energy supplier," said Putin.

 

Putin also highlighted the potential cooperation in gas pipeline network. "We are studying different routes of gas pipeline -- one is from western Siberia and another from eastern Siberia," Putin told about 800 participants at the forum.

 

Putin hoped the two countries could further cement trade ties in the context of fast-growing trade cooperation, prompting the two countries to expand cooperation in the areas of high-tech, environmental protection, aviation, machinery, transportation, finance, education and service.

 

The trade volume between China and Russia has been increasing fast in recent years. In 2005, the trade volume reached US$29.1 billion, up 37.1 percent year on year.

 

(Xinhua News Agency March 23, 2006)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Senior Chinese Diplomat Hails China-Russia Ties
- China-Russia Ties Hailed
- China Supports Energy Cooperation with Russia
- Putin Arrives in Beijing for State Visit
- China, Russia Ink Three Deals on Energy Cooperation
- Top Legislator Tables Proposal for Closer Parliamentary Ties
Most Viewed >>
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies