China, Russia Make Progress in Talks over Oil, Gas Projects

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Last updated at: (Beijing Time) Monday, June 17, 2002

China, Russia Make Progress in Talks over Oil, Gas Projects

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Ma Fucai, general manager of the China National Petroleum Corporation (CNPC), the country's State-owned oil and gas giant, and Russian Deputy Prime Minister Viktor Borisovich Khristenko made progress in their talks on oil and gas projects, sources say on Saturday.

The detailed talks covered joint oil and gas exploration and development in Russia, Russia's involvement in China's gigantic project to transmit natural gas from China's west to its east, an oil pipeline project to transmit oil from Russia's Angarsk to northeast China's Daqing, and a project to transmit gas from Siberia to northeast China.

Both sides reached consensus on some key issues and conferred on specific and detailed matters. And the talks lasted about one hour.

Some high-ranking Russian officials in charge of foreign trade and energy, representatives from two Russian oil and natural gas firms, and Chinese foreign trade officials were among those present at the talks.

The CNPC controls all oil and gas fields, oil refineries and petrochemical enterprises in 12 provinces, autonomous region and municipalities mainly in northern and western China, including Inner Mongolia, Tibet, Ningxia Hui and Xinjiang Uygur Autonomous Regions, Liaoning, Jilin, Heilongjiang, Sichuan, Shaanxi, Gansu and Qinghai provinces, and Chongqing municipality.

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