Russian crude oil sales contracts worth 85 billion dollars to China

China has signed a deal to buy crude oil from Russia in 10 years with a total contract value of up to $ 85 billion, when the two leaders called for promoting cooperation in global affairs and energy.


Russian Prime Minister Dmitry Medvedev , led a strong delegation including Energy Minister Alexander Novak and leader manufacturers of gas and oil leading countries, has arrived in Beijing on 22/10 during 2-day visit .
In his meeting with Russian Prime Minister , President of China Xi Jinping told Medvedev that the two countries are strategic partners and good neighbors , Xinhua reported.
Xi said the two sides have common interests need to be protected and justice issues in the region and globally.
" The two countries should further promote strategic cooperation , to maintain its position at the UN and the Security Council , protective purposes and principles of the UN Charter and the fundamental principles governing international relations , to jointly promote peace , stability and development , " Xi said .
For his part , Mr. Medvedev said Russia and China have broad common interests and the two countries to continue cooperation with important implications for world peace .
After meeting with Prime Minister Dmitry Medvedev , Chinese Premier Li Keqiang said the two sides reached a new agreement , it's important to boost the bilateral cooperation and in fact , especially for projects large .
" Bilateral relations have never reached such high levels . Fact favorable as we are each other's neighbors ," Medvedev said .
The two prime ministers witnessed the signing of 21 bilateral cooperation agreements .
In an online chat with Chinese netizens later, Medvedev said the largest oil producer of Russia , Rosneft , will provide 70 million barrels of crude oil to China every year for 10 years.
" The agreement means that 100 million tons of crude oil will be sold to China for 10 years , worth $ 85 billion . That is a large sum for any country , including China," Russian Prime Minister said .
Russian Energy Minister Alexander Novak said the energy giant Gazprom and the National Oil Corporation of China also agreed on gas pricing formula , with Russia providing 38 billion m3 of gas per year to China .
In the online conversation lasted 1 hour , Chinese netizens also questioned the Prime Minister Medvedev on Russia's experience in a matter of " hot " in China - the public officials' assets to against corruption .
" Everyone knows the income of Russian president and prime minister , their personal assets and their families . I think this is a common way used throughout the world , there is nothing special "Mr. Medvedev said .
Medvedev today will continue with the visit to China to visit the University of Science and Technology in Hefei City , Anhui Province