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Background of Sino-Russian oil cooperation

08-31-2010 08:54 BJT

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The successful launch of the Russian section of the ESPO pipeline marks a crucial breakthrough in Sino-Russian oil cooperation.

In June 2008, leaders from the two countries reached agreement on the project. The Sino-Russia oil negotiation mechanism was then launched in Beijing. Three months later, an important agreement was reached on laying an oil pipeline linking the two countries.

In February 2009, major cooperation documents were signed by the two countries. On April 21st 2009, the two nations signed the Sino-Russia Oil Cooperation Agreement. It laid the basic framework for the two countries to undergo comprehensive, long-term and stable cooperation.

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Editor:Xiong Qu |Source: CNTV.CN

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