Russia wants to invite Chinese investors to develop mineral deposits in its territory. Russian Deputy Prime Minister Mr Alexander Novak at a meeting of the intergovernmental Russian-Chinese commission on energy cooperation said "Thanks to joint efforts, cooperation in the energy sector is progressively developing and has reached an unprecedentedly high level. The volume of mutual trade reached USD 104 billion. This year, 81.7 million tonnes of Russian oil were supplied to China, 39.5 million tonnes of coal were exported, 12 billion cubic meters of gas went through the Power of Siberia pipeline. At the same time, there is a significant potential for the further development of relations in the oil and gas sector & coal.”Mr Novak said "We are in favor of further increasing coal supplies, and because of this new long-term contract will be worked out, as well as joint development of coal deposits in Russia."Zalushanskoye coal deposit in Transbaikalia stake was sold to China's largest coal company Shenhua. Production at the deposit with reserves of 742 million tonnes is expected to increase 25 times with the help of Chinese partners - from the current 200 thousand tons per year to 5 million tonnes. Coal mining at this deposit will be conducted in an open way
Russia wants to invite Chinese investors to develop mineral deposits in its territory. Russian Deputy Prime Minister Mr Alexander Novak at a meeting of the intergovernmental Russian-Chinese commission on energy cooperation said "Thanks to joint efforts, cooperation in the energy sector is progressively developing and has reached an unprecedentedly high level. The volume of mutual trade reached USD 104 billion. This year, 81.7 million tonnes of Russian oil were supplied to China, 39.5 million tonnes of coal were exported, 12 billion cubic meters of gas went through the Power of Siberia pipeline. At the same time, there is a significant potential for the further development of relations in the oil and gas sector & coal.”Mr Novak said "We are in favor of further increasing coal supplies, and because of this new long-term contract will be worked out, as well as joint development of coal deposits in Russia."Zalushanskoye coal deposit in Transbaikalia stake was sold to China's largest coal company Shenhua. Production at the deposit with reserves of 742 million tonnes is expected to increase 25 times with the help of Chinese partners - from the current 200 thousand tons per year to 5 million tonnes. Coal mining at this deposit will be conducted in an open way