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China-Brazil to strengthen oil and gas partnership

29th April 2014

China and Brazil will cement their relationship by recognising the importance of joint oil and natural gas projects, China’s foreign affairs minister, Wang Yi said in Brazilai on Friday.

China-Brazil to strengthen oil and gas partnership
Brazil is the last leg of Wang's four-nation visit to Latin America, which has already brought him to Cuba, Venezuela and Argentina.

The Chinese minister made the comments at the Brazil-China Strategic Global Dialogue, a conference established to boost the relationship between the countries. Wang said that China’s oil and gas imports from Latin America accounted for just 10 per cent of the country’s total imports each year.

 “Given this fact, cooperation with Brail and other Latin American countries has great potential as China imports a large amount of oil and natural gas, for which demand their is long term,” said Wang.

The event was also attended by Brazil’s foreign relations minister, Luiz Alberto Figueiredo Machado.

Wang also commented: "China and Brazil are the largest developing countries in their own hemisphere. Being an important part of the emerging economic entities, our relationship is beyond the traditional scope of bilateral ties, and has strong strategic meanings and extensive significance.

“"China and Brazil should make joint efforts to send a signal of confidence, unity and cooperation for the BRICS countries (Brazil, Russia, India, China and South Africa) to the whole world."

Brazil is the last leg of Wang's four-nation visit to Latin America, which has already brought him to Cuba, Venezuela and Argentina.

"Strengthening strategic cooperation with China is a key aspect of the Brazilian diplomacy. We stand ready to deepen the overall cooperation with China and continuously enrich the connotation of Brazil-China relations," said Brazilian foreign minister, Machado.

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