(MENAFN- Qatar News Agency) Russia's Federation Council approved today an agreement with China to expand cooperation in the field of crude oil trade The agreement defines conditions for the extension of cooperation between Russia and China on increasing the volume of oil supplies to China.
In addition, the document provides for the increase in supply that will be carried out by entering into a long-term contract between JSC "Rosneft" and the China National Petroleum Corporation (CNPC) for the supply of crude oil for a period of 25 years, Russia's Ministry for Industry and Energy said in a press statement.
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