Prior to the visit of the President of the Russian Federation Vladimir Putin to China, the Chief Executive Officer of Rosneft Igor Sechin and the Minister of Commerce of the PRC Zhong Shan held a working meeting. Rosneft’s partners, which implement joint projects with Chinese companies, also took part in the meeting, including the Chairman of the Management Board of Inter RAO Boris Kovalchuk.
The parties discussed the development of cooperation in oil and gas production, oil refining, petrochemical industry and chemical utilization of natural gas, marketing of hydrocarbons, as well as opportunities for building new generating capacity and deliveries of power plant coal.
Zhong Shan expressed his readiness to give full support to mutually beneficial investment projects, which will contribute to implementation of the tasks, set by the leaders of the two countries, concerning the development of trade and economic cooperation and increasing volume of trade between the countries to 200 billion dollars a year.
The parties noted that cooperation between Russian companies and their Chinese partners has a strategic integrated nature and is gradually developing.