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Chinese President Hu Jintao on Wednesday called for a "multipolar world" and a strategic partnership with Russia to counter U.S. dominance, and oil executives signed a preliminary deal for pipeline to carry Siberian oil to China.
"The trend toward a multipolar world is irreversible and dominant," Hu said in a speech at a Moscow university specializing in international relations.
A joint call for a "multipolar world" the term Russia and China used to describe their shared ambition to offset U.S. global dominance has cemented the post-Soviet friendship between the two former rivals.
On the sidelines of Hu's visit, China National Petroleum Corporation and Russia's Yukos oil company signed a preliminary agreement on shipping Siberian oil to China by a $2.5 billion, 1,400-mile pipeline that would link Angarsk in eastern Siberia and Daqing, China.
Along with the Chinese route, the Russian Cabinet considered a rival, Japanese-backed proposal that would first lay the pipeline to Russia's Pacific port of Nakhodka. But the Cabinet now appears to favor building the Chinese section first with the route to Nakhodka to come later. A final decision is expected in the next few weeks.
Under Wednesday's deal, Yukos would ship about 5.1 billion barrels along the new pipeline to Daqing over 25 years beginning in 2005. The deal is estimated to worth more than $150 billion.
http://abcnews.go.com/wire/World/ap20030528_1206.html
"The trend toward a multipolar world is irreversible and dominant," Hu said in a speech at a Moscow university specializing in international relations.
A joint call for a "multipolar world" the term Russia and China used to describe their shared ambition to offset U.S. global dominance has cemented the post-Soviet friendship between the two former rivals.
On the sidelines of Hu's visit, China National Petroleum Corporation and Russia's Yukos oil company signed a preliminary agreement on shipping Siberian oil to China by a $2.5 billion, 1,400-mile pipeline that would link Angarsk in eastern Siberia and Daqing, China.
Along with the Chinese route, the Russian Cabinet considered a rival, Japanese-backed proposal that would first lay the pipeline to Russia's Pacific port of Nakhodka. But the Cabinet now appears to favor building the Chinese section first with the route to Nakhodka to come later. A final decision is expected in the next few weeks.
Under Wednesday's deal, Yukos would ship about 5.1 billion barrels along the new pipeline to Daqing over 25 years beginning in 2005. The deal is estimated to worth more than $150 billion.
http://abcnews.go.com/wire/World/ap20030528_1206.html