facebook
twitter
search
search

Medvedev announces oil agreement during state visit to China

Oct. 22, 2013 at 3:05 PM
| License Photo

BEIJING, Oct. 22 (UPI) -- Russian Prime Minister Dmitry Medvedev said Tuesday the state oil company, Rosneft, will supply 100 million tons more oil to China in the next decade.

Medvedev made the announcement as he began a two-day official visit to Beijing, Xinhua, the Chinese government news agency, reported. He said the oil agreement calls for an additional 10 million tons a year for 10 years.

After meeting with Chinese Prime Minister Li Keqiang, Medvedev said the relationship between China and Russia is as close as it has ever been.

"Bilateral relations have never reached such high levels. It is a good thing because we are neighbors," he said.

Medvedev said he expects trade between the two countries to increase from the record level of $88 billion in 2012.

The Soviet Union and China were close allies in the early years of Mao Zedong's rule. But the relationship quickly became strained, and there was open hostility, fed by border disputes, from 1960 to 1989, when the Soviet Union was disbanded.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Pilot in Taiwan plane crash shut down wrong engine, black boxes show
Small plane crash kills two near Dallas
Customs officials seize stolen Indian statue worth $1M in New York
Talks with NKorea come with conditions, says White House advisor
U.S. Navy Yard on lockdown after reports of active shooter