Russia, China Sign Pipeline Deal
The AFP reported earlier Tuesday that Russia and China had agreed on a major oil pipeline deal. According to the AFP report, ‘Russia and China on Tuesday signed a long-awaited deal to build an oil pipeline from Siberia to China.’
‘The pipeline agreed on,’ the report goes on to say, ‘would have a capacity of 15 million tons of oil per year and would be a branch of the main East Siberia-Pacific Ocean trunk pipeline, which is still under construction.’
“We should deepen cooperation in the energy sphere. Long-term cooperation will help economic development and stability on world markets,” Chinese Prime Minister Wen Jiabao said.
The report goes on to say that China has decided to act due to the low energy prices. If it would have waited longer, it probably would have to pay more, both for the oil and the deal. Now, however, is a great time to act if you’re in dire need of oil imports.
“We have to aim for real results. We’ve discussed this for many years but the results do not correspond to what they should be for two neighbouring powers,” Zhang Guobao, China’s top energy official, told the conference.
“We need to build oil and gas pipelines, increase downstream and upstream cooperation and increase cooperation in the nuclear sphere,” said Zhang, head of China’s State Energy Bureau, speaking through a Russian interpreter.
The balance of power continues to change. China is not emphasizing military might, at this moment, but economic might. This strategy is paying off for them, for they are quickly becoming one of the world’s economic leaders, with economic influence (and thus political) in many countries in and outside of the region.
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.
Comments are closed.
PoliGazette Comments Policy
PoliGazette encourages comments from all viewpoints, especially those that disagree.
Comments submitted must, however, adhere to the following standards. Comments that violate
these standards may be edited or deleted without notice at the sole discretion of the editors.
Commenters who repeatedly or egregiously violate these standards or who attempt to argue
publicly with editors regarding the comments policy may be banned from commenting further.
(1) Comments should address the substantive content of the post. Comments that repeatedly
or blatantly misrepresent the content of the post or of others' comments are not welcome. Comments that
respond to something other than which the contributor or commenter may have said are irrelevant and should
not be posted.
(2) Comments should avoid vulgarity as well as racial, ethnic, religious, or sexual bigotry.
(3) Comments should not personally attack the character, personal integrity, or professional
reputation of any PoliGazette contributor or of other commenters.
(4) Comments should reflect the contributions of the commenters themselves and should not
include extensive cut-and-paste reproductions of others' words except insofar as necessary to supplement
the commenter's own arguments. Link spam, trackback spam, and propaganda spam will be instantly deleted.
(5) Public figures are considered open to all substantive criticism of their policies and statements.
Comments that present objectively false factual information about public figures (i.e. "Obama is a Muslim") or
that attack public figures by attacking their families are not welcome. Comments that merely repeat
slogans for or against a candidate without engaging in substantive comment are not welcome.
Questions or challenges to these policies or their application should be directed to the editors
by email only.
