The oil cooperation pact was signed by Chinese Vice Premier Wang Qishan and Russian Deputy Prime Minister Igor Sechin, according to China National Radio's website.
"(Following this pact) a series of agreements between companies on pipeline construction, crude oil trade, loans and other projects will become immediately effective," the radio station quoted Wang as saying.
"This signifies a huge breakthrough in realising energy cooperation between the two nations."
Source: FOCUS Information Agency
