Russia and China signed an agreement on oil supplies through the territory of Kazakhstan for 10 years. This became known as a result of the visit of the Russian delegation headed by President Vladimir Putin to Beijing. Rosneft revealed the details of the new agreement.
Rosneft and the China National Petroleum Corporation (CNPC) have signed an agreement on the supply of oil to Chinese refineries through the territory of Kazakhstan. It will be valid for 10 years. The press service of Rosneft reported on the results of the visit of a Russian delegation led by President Vladimir Putin to Beijing on Friday.
It is specified that 100 million tons of Russian oil will be sent to refineries located in the northwestern part of China. Also during the visit, agreements were signed in the field of low-carbon development, digitalization and technological cooperation.
Rosneft’s total oil supplies to China since 2005 amounted to 442 million tons of oil. The company occupies a leading position among oil exporters to China. It is annually providing 7% of the country’s total demand for raw materials.
Russia and Mongolia moved on to the stage of designing the Soyuz Vostok gas pipeline to China. It is planned that its capacity will be up to 50 billion cubic meters of gas per year. The gas pipeline will pass through the territory of Mongolia. It will become a continuation of the Russian gas pipeline “Power of Siberia – 2”
China and Russia will strengthen integration cooperation in Eurasia
The leaders of Russia and China intend to intensify integration cooperation in Eurasia. According to a joint statement by Russian President Vladimir Putin and Chinese President Xi Jinping, published by the Kremlin press service on February 4. Moscow and Beijing have coordinated their positions on foreign policy issues.
Work on linking the development plans of the Eurasian Economic Union and the One Belt, One Road initiative is planned to be strengthened. It is noted that this is necessary to deepen practical cooperation between the EAEU and China, as well as to increase the level of interconnectedness between the Asia-Pacific and Eurasian regions.
“The parties confirm their focus on the parallel and coordinated formation of the Greater Eurasian Partnership and the construction of the Belt and Road in the interests of developing regional associations, bilateral and multilateral integration processes for the benefit of the peoples of the Eurasian continent,” the text says.
The statement also notes that Beijing “ treats with understanding and supports” the proposals put forward by Moscow on the formation of long-term legally binding security guarantees in Europe.
International Law rather than “certain rules developed in a closed circle”
Russia and China intend to jointly oppose attempts to replace international law with “certain rules developed in a “close circle” by individual countries or blocs of countries. “Putin and Jinping also stressed that countries are unanimous in understanding that “democracy is a universal human value, and not the privilege of individual states”. Therefore, attempts by “individual states to impose their” democratic standards on other countries … in fact, represent an example of trampling on democracy and retreat from its spirit and true values.
On the eve of the visit to Beijing for the opening of the Olympic Games, Putin published an article “Russia and China: A Strategic Partnership for the Future”. In that article he stated that Russian-Chinese relations have reached an unprecedented level of “comprehensive partnership and strategic interaction.” He emphasized that the foreign policy coordination of Russia and China is based on close, coinciding approaches to solving global and regional problems.