Russian Deputy Prime Minister Alexander Zhukov, who is visiting here, said on March 27 that Russia is fully capable of becoming China’s largest energy supplier in the next 15 years.
"Energy is a key cooperation area between Russia and China. The two countries should give priority to strengthening cooperation in this area," Zhukov said at the 5th China-Russia Investment Promotion Conference.
Just last month, China National Petroleum Corporation signed a long-term crude oil trading agreement with Russian oil company and Russian national oil pipeline transportation company, and signed with Russia's national oil pipeline transportation company from Russian Skovorodino to China. Border pipeline design, construction and operation agreement. The pipeline is expected to start construction this year and put into operation in 2010. The China Development Bank also signed a loan agreement with the Russian oil company and the Russian national oil pipeline transportation company.
Analysts pointed out that this means that the cooperation between China and Russia in the energy sector has risen to a new level, which is of positive significance to the diversification of China’s energy supply and diversification of Russian energy exports.
Despite the international financial crisis, the economic and trade cooperation between China and Russia in 2008 continued to grow steadily. "Bilateral cooperation will help the domestic economic growth of the two countries and hope that the two countries will continue to increase the scale and quality of their economic and trade cooperation," said Zhukov.
According to statistics, bilateral trade volume between the two countries in 2008 exceeded 50 billion U.S. dollars. At present, China is Russia's second largest trading partner after the EU.
Zhukov also expressed the hope that the two countries will further strengthen cooperation in forestry, agriculture, mining, tourism, financial services, real estate, automobile industry and infrastructure construction, and welcome Chinese enterprises to actively participate in the construction of large-scale Russian projects.
"Russian Federation government and local government attach great importance to improving the investment environment and fully create favorable conditions for cooperation between the two countries," said Zhukov.
"Energy is a key cooperation area between Russia and China. The two countries should give priority to strengthening cooperation in this area," Zhukov said at the 5th China-Russia Investment Promotion Conference.
Just last month, China National Petroleum Corporation signed a long-term crude oil trading agreement with Russian oil company and Russian national oil pipeline transportation company, and signed with Russia's national oil pipeline transportation company from Russian Skovorodino to China. Border pipeline design, construction and operation agreement. The pipeline is expected to start construction this year and put into operation in 2010. The China Development Bank also signed a loan agreement with the Russian oil company and the Russian national oil pipeline transportation company.
Analysts pointed out that this means that the cooperation between China and Russia in the energy sector has risen to a new level, which is of positive significance to the diversification of China’s energy supply and diversification of Russian energy exports.
Despite the international financial crisis, the economic and trade cooperation between China and Russia in 2008 continued to grow steadily. "Bilateral cooperation will help the domestic economic growth of the two countries and hope that the two countries will continue to increase the scale and quality of their economic and trade cooperation," said Zhukov.
According to statistics, bilateral trade volume between the two countries in 2008 exceeded 50 billion U.S. dollars. At present, China is Russia's second largest trading partner after the EU.
Zhukov also expressed the hope that the two countries will further strengthen cooperation in forestry, agriculture, mining, tourism, financial services, real estate, automobile industry and infrastructure construction, and welcome Chinese enterprises to actively participate in the construction of large-scale Russian projects.
"Russian Federation government and local government attach great importance to improving the investment environment and fully create favorable conditions for cooperation between the two countries," said Zhukov.
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