According to CCTV reports, Russian President Medvedev signed a federal decree today to approve the implementation of the terms of the Sino-Russian oil agreement.
The agreement stipulates that efforts should be made to ensure the operation of the underwater crude oil (86.34, 0.27, 0.31%) channel in Heilongjiang from the Russian Far Eastern city Skovorodino to the northeastern city of Mohe in China.
The Sino-Russian crude oil pipeline will be used starting from January 1, 2011, with a life span of 20 years and an average of 15 million tons of oil per year.
The agreement stipulates that efforts should be made to ensure the operation of the underwater crude oil (86.34, 0.27, 0.31%) channel in Heilongjiang from the Russian Far Eastern city Skovorodino to the northeastern city of Mohe in China.
The Sino-Russian crude oil pipeline will be used starting from January 1, 2011, with a life span of 20 years and an average of 15 million tons of oil per year.
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