BEIJING – Chinese President Hu Jintao and his Russian counterpart, Dmitry Medvedev, attended a ceremony in Beijing on Monday to mark the completion of the China-Russia crude oil pipeline.
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The ceremony came after the 2 held talks, throughout which Hu mentioned the 2 sides should attempt to make sure safe operation of the undertaking.
Medvedev said the pipeline will assist create closer ties between the two nations.
Representatives of China National Petroleum Corporation (CNPC) in the northeast Chinese language metropolis of Daqing and representatives of Russian oil pipeline giant Transneft within the Russian city of Skovorodino reported the completion of the mission by way of a stay video-audio broadcast throughout the ceremony at the great Corridor of the Individuals.
Construction of the 999-kilometer pipeline began last yr. Some 927 kilometers of the pipeline is in China whereas 72 kilometers of it’s in Russia.
The pipeline begins within the Russian city of Skovorodino within the far-japanese Amur region and enters China at Mohe County before persevering with to Daqing, a petrochemicals hub in northeastern China.
The pipeline is a part of a bilateral loan-for-oil deal reached in February 2009 between the two countries. Below the deal, China makes a $25-billion-long-time period loan to Russia while Russia provides China with 300 million tons of oil through pipelines from 2011 until 2030.
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