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Medvedev satisfied with Russian-Chinese energy cooperation

October 23, 2013, 12:14 UTC+3

At the same time, Russia's Prime Minister said he believed it necessary to develop interaction in high tech

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HEFEI, China, October 23 (Itar-Tass) - Russian Prime Minister Dmitry Medvedev said he was satisfied with Russian-Chinese energy cooperation.

At the same time, Medvedev said he believed it necessary to develop interaction in high tech.

Meeting professors and students of China University of Science and Technology on Wednesday, Medvedev said: “We have good prospects.”

Medvedev said many new agreements were signed on Tuesday, October 22, during his official visit to China.

“Our plans are following: we’ll continue cooperation with the People’s Republic of China and energy companies,” he said, adding, “I mean cooperation in the gas sector and oil supplies.”

Russia and China succeeded in reaching agreement on gas supplies on the Eastern route. Rosneft, CNPC and Sinopec signed agreements on increase oil supplies to China. “Hundreds of millions tonnes of oil at the amount of dozens of billions dollars are expected to supply to China,” the Russian premier said.

Russia and China cooperate in nuclear energy. The countries are building the Tianwan nuclear power station and develop cooperation in coal mining, Medvedev said.

Commenting on high tech cooperation, Medvedev said, “Indeed, we’ll supply raw materials. We’ll have a lot of them and we’ll supply hydrocarbons. But we should develop cooperation in high tech.”

He cited as an example an agreement to create a joint oil refinery in Tianjin, which would have modern technology to feed stock.

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