ADVERTISEMENT

Chinese ambassador hails energy cooperation with Russia

World

There are broad prospects for energy cooperation between China and Russia, Chinese Ambassador Liu Guchang has said.

„Important progress has been made in China-Russia energy cooperation, typically in oil and gas sectors, and the modalities of cooperation have become more diversified,” Liu said at a New Year party at a Russian international energy club Thursday. „There are broad prospects for energy cooperation between China and Russia that has been reciprocal, mutual beneficial and marked with a win-win solution,” he told some 40 representatives from major Russian and Chinese oil companies, as well as cultural figures. The ambassador also spoke highly of the national theme years held in the two countries respectively in the last two years, saying they were instrumental in promoting the bilateral friendship and boosting cooperation between the two nations and peoples.

Russia has become an important energy supplier for China. It is building a 4,000-km oil pipeline running from the eastern Siberia to the Pacific Ocean. Moscow also plans to pipe 30 billion cubic meters of natural gas to China each year via two pipelines, according to media reports. Leading Chinese oil and gas producers and refiners PetroChina and Sinopec are also striving to expand cooperation with their Russian counterparts. (xinhuanet)

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.