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Vice premier: China-Russia energy cooperation enters new stage

Chinese Vice Premier Wang Qishan said Sunday that Sino-Russian energy cooperation has entered a new stage of long-term and strategic cooperation.

Wang made the remarks while co-hosting the fifth round of Sino-Russian energy negotiators' meeting with Russian Deputy Prime Minister Igor Sechin in Beijing.

Wang said the two countries should continue their energy cooperation in such areas as oil, natural gas, nuclear power and electricity, and seek solution to the existing problems so as to lift the energy cooperation to a new level.

"China and Russia have witnessed a series of important fruitful achievements in energy cooperation this year," said Wang.

In April, China and Russia signed inter-government agreements on oil cooperation in Beijing, and the two countries signed a memorandum of understanding (MOU) on natural gas cooperation in June, said Wang.

Wang said the China-Russia oil pipeline project is going smoothly and the loan China pledged to Russia has also been implemented.

"I would like to make joint efforts with you to implement the consensus reached by the leaders of our two countries, strive for more pragmatic fruits in energy cooperation, and make preparations for the upcoming 14th China-Russia Prime Ministers' Meeting," said Wang.

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 Source : Xinhua  Editor: Ivy
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