Sunday, 24 March 2013

Russia and China sign cooperation agreements in energy ...

0Xi Jinping arrived in Russia on March 22, a visit that will be his first overseas trip as President of China. According to the Chinese leader, this visit will give a fresh impetus to strategic partnership between Moscow and Beijing. Experts say that all necessary conditions are now in place to contribute to expanding bilateral cooperation.

0Russian and Chinese state investment organizations and banks will invest billions of dollars in developing the Russian Far East.

0The money will go to develop infrastructure, build transport facilities, mine minerals, expand deep processing industries and establish state-of-the-art service companies.

0These are some of the agreements signed after today?s Moscow talks between Presidents Vladimir Putin and Xi Jinping.

0According to senior Russian investment manager Kirill Dmitriyev, the projects will initially number between 5 and seven. In the future, there will be as many as 20.

0Gazprom and China?s CNPC signed an agreement to pump Siberian natural gas to northeastern China.

0Rosneft and CNPC clinched deals to supply China with Russian oil and jointly develop oil and gas fields on Russian territory.

0Rosneft also secured a credit line from China?s State Development Bank.

0Putin told the?ITAR-Tass news agency?in an interview published Friday that Xi's choice of Moscow for his first overseas trip ?underscored the "special nature of strategic partnership".

0At the start of the negotiations, Putin described the ties between the two countries as an "extremely important factor of global politics." Xi said in turn that the relations between the two countries are at the best ever.

0Earlier, The Voice of Russia, one of the world?s oldest multimedia broadcasters founded back in 1929, signed a cooperation agreement with China Radio?International (CRI).

0The memorandum paves the way for major provisions of the Eastern route supply contract and gas price talks. Gazprom expects the contract to be valid for 30 years as part of long-lasting bilateral energy cooperation.

Source: http://english.ruvr.ru/2013_03_22/Russia-and-China-sign-cooperation-agreements-in-key-areas/

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