19.05.2015// Memorandum of Cooperation between the Russian Institute for Energy and Finance and the China Overseas Development Association (CODA) was signed on the 18th of May in the Ministry of Energy of Russia
19 May 2015, IEF
Within the framework of the preparation for EPP-2015 Forum&Exhibition Anatoly Yanovsky, the Russian Deputy Minister of Energy took part in the signing ceremony of the Russian-Chinese Memorandum of Cooperation in the field of Energy, Finance and Regional development.
During the ceremony he expressed a confidence that it would be comprehensive, informative and strategic cooperation accounting the interests of each Party.
Stressing a significance of the Memorandum for attracting the Chinese investment in the Russian energy sector Anatoly Yanovsky said, " the fact that CODA is focused not only on the promotion of the Chinese goods and services, but also on China's foreign direct investment abroad is of particular importance to us ".
The first practical step for implementation of the Memorandum in the current year will be a Russian-Chinese Energy Forum, which will take place on November 18 in Moscow within the framework of the Forum&Exhibition "Exploration. Production. Processing - 2015." Hu Weiping, CODA Secretary-General as well as heads of the leading Russian and Chinese energy and investment companies will take part in the Energy Forum.
He Zhenwei, Deputy Secretary General noted during the meeting, that during the Energy Forum it’s planned to discuss and sign agreements regarding creation of joint ventures for production of innovative equipment for the oil and gas industry in Russia with the assistance of the Chinese investment."
Vladimir Feigin, President of the Institute for Energy and Finance noted the comprehensiveness of the Memorandum, the implementation of which will allow to realize bilateral investment projects in all sectors of energy not only in Russia but also in other countries
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