Putin opens Russian side of oil pipeline to China - AFP

MOSCOW — Prime Minister Vladimir Putin on Sunday opened the Russian section of a long-awaited oil pipeline that will carry Russian crude to China in a bid to diversify its oil exports away from Europe.

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MOSCOW — Prime Minister Vladimir Putin on Sunday opened the Russian section of a long-awaited oil pipeline that will carry Russian crude to China in a bid to diversify its oil exports away from Europe. "The Russian part of the project is completed," Putin said at an opening ceremony in Skovorodino in the Far Eastern Amur region in comments published on his official web site.

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The branch pipeline will ultimately transport crude oil from Siberia to refineries in the northeastern Chinese city of Daqing. "For us this is an important project because we are beginning to diversify the supply of our energy resources," Putin said at the ceremony, attended by the head of China's National Energy Administration, Zhang Guobao.

Putin opens Russian side of oil pipeline to China - AFP