China, Russia launch talks on energy cooperation

July 26th, 2008 - 4:57 pm ICT by IANS  

Beijing, July 26 (Xinhua) China and Russia Saturday launched negotiations for cooperation in energy sector. Chinese vice premier Wang Qishan and visiting Russian deputy prime minister Igor Sechin after their meeting told reporters the two countries would push forward their cooperation in energy sector to lift bilateral strategic partnership to a new level.

“Today’s first round of negotiation achieves positive fruits,” Wang said after co-chairing the negotiation with Sechin.

Energy cooperation plays an important role in the strategic cooperation between China and Russia, he said, noting the establishment of the energy resources negotiation mechanism injected new vitality into the China-Russia energy cooperation.

Wen hoped China-Russia cooperation would eventually be extended into crude oil trade, construction of oil and gas pipelines, prospecting and exploitation, refining and chemical industries.

The Chinese minister also hoped the two countries would further promote cooperation in nuclear energy and make joint efforts for setting up a comprehensive, long-term, stable and mutually beneficial cooperative relations in energy sector.

The Russian minister delivered a letter from Prime Minister Vladimir Putin to his Chinese counterpart Wen Jiabao.

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