China wants stable partnership with Brazil for oil and natural gas projects

28 April 2014

China plans to set up a stable long term partnership with Brazil and other Latin American countries for oil and natural gas projects, China’s Foreign Affairs Minister, Wang Yi said Friday in Brasilia.

The Chinese minister was in the Brazilian capital to attend, along with Brazil’s Foreign Relations Minister, Luiz Alberto Figueiredo Machado, the inaugural session of the Brazil-China Strategic Global Dialogue established in 2012 to boost the relationship between the countries, Wang said that China’s oil and gas imports from Latin   America accounted for just 10 percent 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 is  long term,” said the Chinese minister.

Wang Yi also said that China was interested in getting involved in “any infrastructure construction project in Brazil,” particularly railways of every kind, including high-speed, power production, including thermal and nuclear power, and all types of roads.

The President of China, Xi Jinping, may make an official visit to Brazil in July of this year in order to take part in a meeting of the BRICS countries in Fortaleza and the meeting of heads of State of the Community of Latin American and Caribbean States (Celac) and China. (macauhub/BR/CN)