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Yesterday, Chinese Vice Premier Wang Qishan at the Great Hall of the People with the Russian Deputy Prime Minister XIE Qin Sino-Russian energy discusses, held their fourth assembly, the couple sides signalled the Sino-Russian cooperation in the field of oil intergovernmental harmony, which tags this year, China and Russia initialed in February of pipeline erected plan, crude oil deal, hires, collection of cooperation bonds come into effect.

According to tells, in accordance with the couple sides signalled the harmony, Russia will deliver China a total of 25 billion U.S. dollars of long-term hires, to take a set spare-time activity rate of come seal 6%; Russia with oil for mortgages, hires to the oil give from 2011 to 2030 In accordance with the 15 million tons a year the elevation of the give by pipeline to China totaled 300 million tons of oil, the price of oil to the Russian oil shipped to the port as the foundation price, with the market the market. At prevailing, Russia to China annually by rail carrying from the oil give harmony, and enhanced to 15 million tons.

Since the innovation of this year, China and relevant places have signalled a diagram of “loans-for-oil” of the cooperation agreement: February 18, and Brazil signalled a 10 billion U.S. dollars of loans-for-oil agreement; February 21, with the signing of four billion U.S. dollars of Venezuela’s loans-for-oil agreement; March 13, and Angola signalled a one billion U.S. dollars of loans-for-oil agreement; April 5, Ecuador, President Correa transmitted that China and Ecuador are in all prospect to pointer a one billion U.S. dollars of the hire harmony, the future Ecuador to deliver the give of crude oil will be the type of reimbursement.

Analysts have pointed out that the long term, “loans-for-oil” to maintain regional stability and energy security, improve the regional response to the International Energy complex situations.