22-09-04
China is willing to cooperation with Russia in oil production and building nuclear power plants, said Chinese Premier Wen Jiabao prior to his visit to Russia. He said that it was in the interests of both China and Russia to boost oil and gas cooperation.
The leaders of both sides have reached consensus and have worked hard to develop
a plan for the oil pipeline from Russia's Angarsk to China's Daqing. China
believes the Russian government and businesses will regard China as a prior
destination of the pipeline as China is the most long-standing and stable oil
and gas market to Russia.
Before the pipeline is built, China is willing to strengthen energy
cooperation with Russia in other ways, for instance, expanding Russian oil
exports to China through railway transport.
Russia will be able to export a total of 15 mm tons of oil to China by 2006.
Meanwhile, Chinese companies are willing to cooperate with Russian companies in
prospecting, exploiting and developing oil, said Wen.
In addition, Wen noted that nuclear plant construction was another important field in Sino-Russian energy cooperation. China's present total installed generating capacity of nuclear power is only 6.7 mm kW. It is expected to reach 8.7 mm kW by 2005, which will be only 2 % of China's gross installed generating capacity.
China has decided to establish more nuclear power plants and buy advanced
technology and equipment through public bidding, China and Russia have carried
out effective cooperation in the construction of the Tianwan Nuclear Power Plant
in Jiangsu Province. Wen said he hopes both sides will continue to cooperate to
ensure the construction quality.
Source: Xinhua News Agency