Russia, China sign energy agreements

China and Russia have signed agreements aimed at strengthening their cooperation in exploration, production, and transportation of oil and gas.Chinese President Hu Jintao recently completed a 4-day visit with Russian President Vladimir Putin.According to a communiqué, Hu and Putin agreed to jointly support oil and natural gas projects, including Russia’s plan to lay an oil pipeline from Taishet in Eastern Siberia to Skovorodino on the border with China (see story, p. 25).During Hu’s visit, Russia’s state-owned OAO Rosneft signed a long-term agreement with China National Petroleum Corp. (CNPC) aimed at increasing exports of Russian crude oil to China.Rosneft promis...

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