Energy cooperation between China, Russia promising: report

08:27, July 07, 2010      

Email | Print | Subscribe | Comments | Forum 

China and Russia have made good progress in energy cooperation and future prospects are promising, a yellow paper released in Beijing Monday said.

The yellow paper, named "Report on Development of Shanghai Cooperation Organization (2010)" was issued by the Institute of Russian, East European and Central Asian Studies affiliated to the Chinese Academy of Social Sciences.

China and Russia had achieved progress in some major cooperation projects in 2009 which the two countries have been negotiating for some time, the report said.

The two countries reached a bilateral loan-for-oil deal in February 2009, under which China offers Russia 25 billion U.S. dollars of long-term loan and Russia will supply a total of 300 million tonnes of crude oil through pipelines to China from 2011 to 2030.

Cooperation between the two countries in the oil industry has entered a new phase of long-term strategic cooperation with the commencement of the construction of the crude oil pipeline that will eventually stretch from one country to the other, the report said.

The yellow paper also noted that Chinese enterprises had invested over one billion U.S. dollars in the coal industry in Russia, and Russia had provided China with more than one million tonnes of coal.

The two countries had also reached an agreement on the cost of the second phase construction of the Tianwan Nuclear Power Station, which is the largest ever economic cooperation project between the two countries, the report said.

Source:Xinhua

(Editor:梁军)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion