China and Russia in oil exploration agreement
China's national oil company has signed an oil exploration agreement with Russian state-owned oil company Rosneft, covering the Barents and Pechora Seas. The deal covers explorations in three fields, writes the Barents Observer.
BY LOUISE VOGDRUP-SCHMIDT
China has signed an agreement with Russia to explore three oil fields in the Barents Sea and the Pechora Sea. The deal was signed last week during the Chinese president's state visit to Russia.
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