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Russia, China leaders agree on ESPO oil pipeline spur

11/03/2008
Russia’s state-owned OAO Transneft and China National Petroleum Corp. have signed a landmark agreement calling for the construction of a 67-km, 300,000 b/d pipeline spur from the East Siberian Pacific Ocean pipeline.The agreement came after talks between Chinese Prime Minister Wen Jiabao and Russian Prime Minister Vladimir Putin, and it is to be seen as part of a broader effort at cooperation between the two countries on energy.“We should deepen cooperation in the energy sphere,” Wen said, ahead of his talks with Putin. “Long-term cooperation [on energy] will help economic development and stability on world markets,” he said.“We have to aim for real res...
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