Latest News:  

English>>Foreign Affairs

China, Russia reach consensus on oil supplies: vice premier


08:31, February 26, 2013

BEIJING, Feb. 25 (Xinhua) -- China and Russia have reached an important consensus on boosting oil trade, Vice Premier Wang Qishan said Monday.

Wang made the remarks after holding talks with his Russian counterpart Arkady Dvorkovich at the Great Hall of the People.

"The two sides have reached an important consensus to expand the trade of oil, marking major progress for China-Russia energy cooperation," Wang said, urging government agencies on both sides to hasten negotiations and ink an inter-governmental deal at an early date.

During the talks, Wang said the Chinese and Russian governments endorsed their respective enterprises' negotiations on gas supplies to be delivered via an east pipeline, with Russia set to deliver 38 billion cubic meters of gas each year to China.

The two sides will continue feasibility research on liquefied natural gas (LNG) cooperation using the east line, as well as gas to be supplied via a west line, Wang said.

Priority will be given to gas-related projects in bilateral energy cooperation, Dvorkovich said, adding that he hopes the pipeline project and the LNG east line project will be pushed forward at the same time.

The two sides also pledged to boost cooperation in nuclear energy, electricity, coal and renewable energy.

"Energy cooperation constitutes an important part of the comprehensive strategic partnership of coordination between China and Russia," Wang said.

Closer energy cooperation is of strategic significance for the two countries and goes in the fundamental interests of the people of the two countries, Wang said.

Energy cooperation has demonstrated the spirit of the comprehensive strategic partnership of coordination between the two countries, Dvorkovich said.

We Recommend:

Japan should stay away from China's safety range

Will change of Secretary of State make any difference?

Nuke test gives US 'excuse to boost its military'

How can China make more friends?

Japan's UNESCO bid a new provocation

China refutes ivory protection accusations


Leave your comment0 comments

  1. Name


Selections for you

  1. Carrier-based aircraft regiment in training

  2. Skill competition of core scouts

  3. Heavy snowfall shrouds beautiful Lake Bled

  4. Lantern Festival celebration

  5. Attractive girls at an art college's enrollment site

  6. Chinese receive Lantern Festival

  7. Buddhist monks dance at Labrang Monastery

  8. Her mighty needle sets her apart, with style

  9. Output growth hits 4-month low, says HSBC

  10. Ratings agency warns about rising debt

Most Popular


  1. China 'firmly supports' BRICS
  2. Water quality a concern
  3. Kerry aims high in maiden foreign trip
  4. Open communication for Peninsula peace
  5. Spring Festival offers window into China
  6. Fatter red envelopes miss point of tradition
  7. Opportunities amid challenges
  8. Children deaths lead to calls for better guardianship
  9. New CPC leadership's first 100 ruling days inspiring
  10. Keeping the brand full of beans

What’s happening in China

Chilly run gets blood pumping

  1. Technology used to combat graft
  2. Fireworks sales fizzle during Lunar New Year
  3. China to expand organ donor system nationwide
  4. 5 injured in chemical plant explosion
  5. Police investigate toxic school uniforms