China, Russia to honor commitments on oil pipeline: FM

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Last updated at: (Beijing Time) Tuesday, November 18, 2003

China, Russia to honor commitments on oil pipeline: FM

China and Russia will honor their commitments on the construction of the oil pipeline between the two countries, said Chinese Foreign Ministry spokesman Liu Jianchao Tuesday.

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China and Russia will honor their commitments on the construction of the oil pipeline between the two countries, said Chinese Foreign Ministry spokesman Liu Jianchao Tuesday.

Liu made the remark in response to a report that the Russian government had refused the construction of the oil transmission pipeline from its Angarsk oil fields near Lake Baikal in eastern Siberia to refineries in northeastern China's Daqing City.

The cooperation in the oil sector, consistent with the economicdevelopment of the two countries, was the most important part of bilateral economic and energy cooperation, said Liu.

He said that when Chinese Premier Wen Jiabao met with his counterpart Mikhail Kasyanov this September, China and Russia chose to continue to implement their cooperation in the energy field, boost cooperation between companies in oil pipeline construction, oil field exploitation, and oil and natural gas exports to China according to the joint declaration signed on May 27.

Liu said he believed the two countries would honor their commitments.

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