. Earth Science News .
Beijing Presses Moscow To Build Oil Pipeline To China

Sino-Russian trade had quadrupled and was expected to reach 28 billion US dollars this year, Chinese Vice Premier Wu Yi told the state-run Xinhua news agency, following talks with her counterpart Alexander Zhukov.

Beijing (AFP) Nov 03, 2005
Chinese Premier Wen Jiabao on Thursday urged his visiting Russian counterpart to work toward an early agreement on a oil pipeline from Russian oil fields in Siberia to China.

"In the energy cooperation area, both sides should seek the early signing of an agreement on the plan to construct a Sino-Russian oil pipeline," Wen told journalists after talks with Russian Prime Minister Mikhail Fradkov.

"Both sides must strengthen and broaden cooperation in nuclear energy, civil aviation, aeronautics and electronic equipment."

Amid rising oil demand in Asia and fierce competition between China and Japan, Russia has decided to begin construction of a pipeline from eastern Siberia to the Pacific coast this year, instead of running it to China.

Despite the decision, Beijing has not stopped lobbying Moscow and is seeking an alternative pipeline to China's Daqing refineries that border Russia in the northeastern province of Heilongjiang.

"Concerning the Russian pipeline to the Pacific Ocean and the issue of an alternative route, enterprises from both countries are working and consulting with each other to find a way to resolve this," Fradkov said.

"After the research has been completed both sides can put forward proposals on the investment, technology and equipment."

Fradkov said Russia had delivered 5.8 million tons of crude by rail to China last year and that the amount would reach 8 million tons this year.

The talks were the 10th prime ministerial level talks between the two sides since both agreed to an annual high-level exchange mechanism 10 years ago.

Sino-Russian trade had quadrupled and was expected to reach 28 billion US dollars this year, Chinese Vice Premier Wu Yi told the state-run Xinhua news agency, following talks with her counterpart Alexander Zhukov.

China further agreed to extend 200 million dollars in trade credit to Russia in an effort to kickstart Russian purchases of high-tech Chinese products, officials said.

The agreement for the China Development Bank loan was one of nine accords, most economic and trade deals, signed by the two sides during Fradkov's visit.

"The cooperation potential of our two countries is huge," Fradkov told journalists.

"These agreements will help us to work toward fully fulfilling this potential, but if we do not remain active it may be difficult to achieve the goals in some areas where we have good development potential."

Russia also expressed hopes China would balance its imports from Russia, which recently have been dominated by energy resources while its imports of Russian machinery and electrical products have fallen off dramatically.

Related Links
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

G8, Emerging Powers Agree To Harness Clean Energy Technology
London (AFP) Nov 02, 2005
The world's leading economic powers and emerging countries have agreed to use clean energy technology to combat climate change at a meeting in London, host Britain said Wednesday.







  • Pakistan Quake-Hit Villages Still Cut Off As Grim Ramadan Ends
  • Pakistan's Musharraf Wants Troops Out Of Quake-Hit Kashmir
  • Malnutrition Set To Kill More In Pakistan Quake Zone: WFP
  • Respond Consortium Making Maps Out Of Satellite Images To Support Pakistan Disaster Relief

  • Environmental Cloud On Horizon For Mediterranean, Warns UN
  • Model Helps Assess Ocean-Injection Strategy For Combating Greenhouse Effect
  • Mediterranean Basin, Alps Most Vulnerable To Global Warming
  • Scientists Gain New Insights Into 'Frozen' Methane Beneath Ocean Floor

  • L-3 Comm And QinetiQ Sign MoU For ISTAR And ISR Program Collaboration
  • Boeing Awarded National Geospatial-Intelligence Agency Security Data Contracts
  • Rensselaer Researcher Awarded DARPA Funding To Improve Terrain Maps
  • India To Launch Exclusive Satellite To Track Natural Disasters

  • Beijing Presses Moscow To Build Oil Pipeline To China
  • G8, Emerging Powers Agree To Harness Clean Energy Technology
  • Harnessing The Sun: NASA Studies Advanced Solar Cells On Station
  • Agreement Establishes Energy-Efficient Home Collaboration

  • FluWrap: Import Bans May Spread Disease
  • HHS Releases Pandemic-Flu Plan
  • Credibility Concerns May Make China Coy About Disclosing HIV Data: Expert
  • Communist China Resorts To Propaganda To Contain Bird Flu

  • Newly Recognized Gene Mutation May Reduce Seeds, Resurrect Plants
  • Britain's Panda On The Run Found Hiding Up A Tree
  • Bees Solve Complex Colour Puzzles
  • Bacteria Could Save Patients From Infection Infection By Deadlier Ones

  • Lagos Seals Up Rubber Recycling Firm Over Pollution Threat
  • Bangladeshi People Can Help Combat Arsenic Poisoning: Researchers
  • NOAA Tests For Gulf Of Mexico Contaminates
  • Rocket-Fueled Bacteria Clean Up Waste

  • California Scientists Double Volume Of Data In NIH Biotech Repository
  • Flipped Genetic Sequences Illuminate Human Evolution And Disease
  • Color Perception Is Not In The Eye Of The Beholder: It's In The Brain
  • Cornell Finds Natural Selection in Humans

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement