The Agreement was signed on March 22, 2013 in Moscow.
It expands cooperation between Russia and China by increasing the volume of oil supplies to China and contemplates execution of a long-term crude oil supply agreement for a term of 25 years, with an option to extend it for another five years. Authorised companies of both sides to the agreement are Russia’s Rosneft and Chinese National Petroleum Corporation.
See also
Meeting with Rosneft CEO Igor Sechin
December 20, 2013