China and Russia yesterday inked three deals on oil and natural gas
cooperation during Russian President Vladimir Putin's visit to China.
Chinese President Hu Jintao and Putin witnessed the signing of the three
documents and other 12 cooperation documents.
The three documents include a principled agreement between the China National
Petroleum Corp. (CNPC) and the Russian oil company of Rosneft for forming joint
ventures on further oil cooperation, a memorandum of understanding between CNPC
and Russia's natural gas company Gazprom for natural gas supply to China, and a
summary of negotiations between CNPC and Transneft, a pipeline transport company
of Russia.