NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home > News Brief > China
Work to begin on oil pipeline in near future: Russian FM
Latest Updated by 2006-03-23 09:55:00
Related News
Russian Air Force's stunt fly show
Senior Chinese diplomat hails China-Russia ties
China launches website to mark year of China, Russia
Putin: Sino-Russian ties at unprecedented level of development
Chinese, Russian presidents hold talks
Russian-Sino ties positive element in world order
China, Russia ink three deals on energy co-op
No major obstacles in Sino-Russia relations: FM
China
CPC, KMT to hold economic, trade forum in Beijing
Work to begin on oil pipeline in near future: Russian FM
Water crisis could leave us high and dry

Work on a new oil pipeline from Russia to China will begin in the near future, Russian Foreign Minister Sergey Lavrov said in Beijing on Wednesday (March 22).

Addressing a press conference on the Year of Russia in China, Lavrov said the two countries will conduct a technical feasibility study on the pipeline, which will be a branch of the East Siberia-Pacific pipeline.

Russian natural gas company Gazprom on Wednesday signed an agreement with the China National Petroleum Corporation (CNPC) on the joint designing and construction of the oil pipeline from Russia's Skovorodino to the border of the two countries.

Also on Wednesday, Gazprom signed a memorandum of understanding with CNPC on the construction of two pipelines that will allow Russia to supply 30 billion to 40 billion cubic meters of natural gas to China annually.

Ravrov said Russia's oil exports to China will increase sharply after the oil pipeline is put into use.

Russia's oil exports to China has been steadily rising in recent years. It plans to sell 15 million tons of crude oil to China via railway shipments in 2006.

On whether high oil prices in the international market will affect bilateral energy cooperation, Ravrov said both countries will stick to market rules, including the signing of risk contracts.

Ravrov describes 2006 a critical year in bilateral energy cooperation.

Russian and Chinese companies may also jointly develop Russia's oil and gas resources, he said.

Ravrov said both countries expressed their interests in expanding their cooperation in nuclear energy, and that Russia will be actively involved in the building nuclear power stations in China.

The Russian Foreign Minister said his country's new draft law on mineral resources will not be an obstacle to Chinese investment in Russia's energy sector, as it only restricts foreign participation in the development of a few strategic rare minerals.

Editor: Yan

By: Source: China View website
Previous:  CPC, KMT to hold economic, trade forum in Beijing  Next:Water crisis could leave us high and dry


Expat Indians mark Holi, festival of color


Olympic medalists in town


[Group Photo]The Zhuxian Cave in Zhuhai


New Guangzhou station in operation by 2008


Barbra Streisand to tour
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips