Russian, Chinese leaders announce completion of pipeline project.

27/9 Tass 122

BEIJING, September 27 (Itar-Tass) - Russian President Dmitry Medvedev
and Chinese President Hu Jintao announced completion of the construction
of the Russian-Chinese oil pipeline on Monday.
A branch of the East Siberia-Pacific Ocean (VSTO) pipeline to China
was built in accordance with the contract between Rosneft, Transneft and
the China National Petroleum Corporation (CNPC), singed in February 2009.
The oil pipeline stretches from Skovorodino through Mohe on the border to
China's Daqin. The symbolic ceremony wrapping up the construction of the
oil pipeline took place in the House of People's Assemblies in downtown
Beijing. The leaders of the two countries saw in real-time mode what
happens on the Russian and Chinese stretches of the pipeline.
Director Genera of the Vostoknefteprovod company Viktor Bronnikov
greeted Dmitry Medvedev and Hu Jintao from the Russian side of the Amur.
"All the pipeline facilities are fully prepared for operation," Bronnikov
said.
Director of the CNPC project Wu Hong reported readiness to complete
construction.
"The welding of the last seam of the Russia-China oil pipeline is
finished; I request you to issue an order for complete completion of
construction," the CNPC official told the two leaders.
Medvedev and Hu Jintao pushed a symbolic button that marked completion
of the pipeline project.
"This project strengthens our strategic partnership and interaction;
it is oriented to the future; it's mutually advantageous, and I'm sure it
will bring benefit to our countries." Medvedev said at the ceremony. "It's
a large project, which will bring our countries closer and enable us to
fulfill various economic and social tasks," he added.
The leaders of the two countries thanked the builders of the oil
pipeline.
"The successful completion of the pipeline construction can be called
an example of cooperation between the two countries based on the principle
of mutual advantage, and a new benchmark in energy cooperation. I very
much hope that from this day one, the companies and agencies concerned
will make further efforts to bring our cooperation to a still higher
level," Hu Jintao said.
China opened a 25-billion dollar credit line to Russian companies in
exchange for the guarantee of oil supplies for 20 years, from 2011 to
2030, with annual supplies totaling 15 million tons.
-0-myz/ast


Delete & Prev | Delete & Next