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Sakhalin Region and China to Sign Agreement on Investment Cooperation

Signing of the trilateral agreement on investment cooperation of the Sakhalin region, Russian Vnesheconombank and State Bank for Development of China will take place in Beijing in the frame of the Chinese visit of Russian official delegation headed by Prime Minister Mikhail Fradkov..

Today's publications in Beijing highlight the economic achievements of the Sakhalin region. Some of this success could be attributed to China.

In summer and autumn this year Chinese oilmen conducted the drilling of an exploratory well in the Sakhalin off-shore zone and discovered oil pools with large reserves of hydrocarbons.

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