Arab Today, arab today putinrussianchinese cooperation extends beyond fuel supplies
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Putin:Russian-Chinese cooperation extends beyond fuel supplies

Arab Today, arab today

Arab Today, arab today Putin:Russian-Chinese cooperation extends beyond fuel supplies

Beijing - Ria Novosti

Economic cooperation of Russia and China is not limited to fuel supplies as the two states are involved in numerous projects in traditional cooperation areas and high-tech industries, Russian Prime Minister Vladimir Putin said on Tuesday. \"I don\'t think that natural gas supplies are key to our cooperation. Our cooperation is multi-faceted and it becomes more and more diversified,\" Putin said. \"I think we should make cooperation in high-tech spheres our priority.\" He said that the two states should not focus themselves on traditional cooperation areas, such as machine-building and aviation. \"There are other spheres: nanotechnologies, biotechnologies, IT, medicine,\" Putin said. He said that the two states are studying numerous draft deals on hydrocarbon extraction and supplies, including joint projects to prospect and extract hydrocarbons in Russia\'s Republic of Udmurtia in the Volga area, joint participation in the Sakhalin-3 project in the Far East and in the Magadan-1 project to develop shelf hydrocarbon resources. Last September, Moscow and Beijing, the world largest energy market, signed a binding supply document, which outlined the western supply route, where gas comes from Western Siberia and the eastern route from Eastern Siberia, Russia\'s Far East and Sakhalin. The western route is the basic and Russia\'s gas export monopoly Gazprom plans to start building the Altai gas pipeline, estimated to cost $14 billion, in the middle of this year and launch it at the end of 2015. Russia\'s gas giant Gazprom and China\'s oil and gas corporation CNPC were expected to sign a final agreement on a price for gas deliveries at the St. Petersburg International Economic Forum but failed to do so. Under the future contract, Gazprom may deliver up to 68 billion cubic meters of gas to China in a 30-year period. \"The discussions on price formula are of course, pivotal. The buyerwants to buy cheaper and the seller wants higher prices. We do not bargain at the political level, this is the task for our companies. I think they would find a fair, mutually beneficial solution to this issue,\" Putin said. He also said that Russia resumed electricity supplies to China and now studies the possibility of building more power plants on the Russian territory.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today putinrussianchinese cooperation extends beyond fuel supplies Arab Today, arab today putinrussianchinese cooperation extends beyond fuel supplies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today putinrussianchinese cooperation extends beyond fuel supplies Arab Today, arab today putinrussianchinese cooperation extends beyond fuel supplies

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday