China And Russia Agree On Pipeline Crude Oil Trade Prices

News reports, Vladimir Putin Every visit to China has attracted much attention, especially this time: many international media will mention that his status is not only the Russian Prime Minister, but also the only candidate of the 2012 Russian presidential election "United Russia" party. This trip to China has been interpreted as the opening of his new diplomatic process.

However, the label of Putin's special status has not weakened people's expectations for the substantive achievements of the regular meeting between the Chinese and Russian prime ministers. In the sixteenth regular meeting of the prime ministers of China and Russia held yesterday (11) afternoon, what consensus have been reached between China and Russia? What is the most important energy cooperation, can we make new progress?

At 12:50 on 11 noon, Putin's "IL -96" special plane landed at Beijing Capital International Airport. Putin, who stepped out of the cabin door, waved to his camera, did not make any stops at the cabin door, hurried down the gangway, shook hands with the Chinese officials who greeted him, and left the airport in a special train. Because 2 hours later, waiting for him will be a highlight of this trip to China -- together with Premier Wen Jiabao of the State Council to attend the sixteenth regular meeting between the Chinese and Russian prime ministers.

The afternoon's activities are still compact, welcome ceremony, small area talks, extensive talks, signing ceremonies, when two prime ministers face reporters together, it is nearly 50 minutes later than the original time.

At the press conference, Wen Jiabao First, I affirmed the achievements of the mechanism of regular meetings between Chinese and Russian prime ministers over the past year.

Wen Jiabao: the economic and trade cooperation between the two countries has successfully overcome the impact of the international financial crisis and achieved a strong recovery. The whole year is expected to break through a record high of $seventy billion. The Sino Russian crude oil (84.97, -0.84, -0.98%) pipeline has been successfully operated, and the RMB and ruble have been successfully traded in the two foreign exchange markets. The two central banks have signed bilateral trade settlement agreements. These results show that the Sino Russian Prime Minister's regular meeting mechanism plays an irreplaceable role in promoting pragmatic cooperation in all fields.

Putin also praised the achievements and role of bilateral economic and trade cooperation.

Putin: as we all know, some countries in the world, including the United States and the European Union, have encountered economic turbulence. In this regard, economic cooperation between Russia and China can contribute to world economic stability and benefit both countries and peoples. We are willing to strongly encourage cooperation among industries, and are also very willing to strengthen and carry out technical cooperation between China and Russia, and implement infrastructure projects and increase mutual investment. Our goal is to diversify our economic and trade relations.

In the current cooperation between China and Russia, energy cooperation is the most important concern. Yesterday morning, Vice Premier Wang Qishan of the State Council also held a meeting with Russian Vice Premier Xie Qin to discuss the energy talks between China and Russia, which clearly prepared for the outcome of the prime ministers' meeting between the two countries.

Wen Jiabao said: during the meeting, the two sides reached a complete agreement on the price of pipeline crude oil trade, and decided to actively promote cooperation in the oil and natural gas field in accordance with the principle of mutual benefit and win-win. We should carry out well agreed key projects and deepen cooperation in aerospace, coal, electricity, cross-border infrastructure, water conservancy, agriculture and environmental protection.

In energy cooperation, natural gas cooperation is the top priority. Previously, China and Russia have not been able to reach agreement on natural gas cooperation due to differences in quotations. Prior to the analysis of experts, the price difference is not resolved in a short time, but Putin's words let everyone see the dawn of cooperation.

Putin: the negotiations on the natural gas issue are not far from the end. The two sides are ready to build a large scale cooperative refinery in Tianjin. On the basis of the very active cooperation experience of Tianwan nuclear power station, we will strengthen cooperation in the field of nuclear energy and adopt the most advanced technology in the world.

The prime ministers of the two countries signed the joint communiqu on the sixteenth regular meeting of Chinese and Russian prime ministers yesterday, and witnessed the signing of bilateral cooperation documents covering economy, culture, tourism, agriculture, health and financing.