Japan, China to work for treaty on oil fields
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Posted 7/27/10 , edited 7/27/10

Japan, China to work for treaty on oil fields

Japan and China have agreed to work for an early conclusion of treaties on joint oil field development in the East China Sea, where the 2 countries have overlapping claims to exclusive economic zones.

Senior government officials of the 2 countries met in Tokyo on Tuesday and reconfirmed that Japan will invest and participate in China's development of the Shirakaba gas field, called Chunxiao by China.

They also renewed their intention to jointly develop oil fields in the northern area of the East China Sea.

The officials arranged to meet again in Beijing this year to work out separate treaties on the two points.

Japan's Foreign Minister Katsuya Okada later told reporters that the talks were made possible by comments from Chinese Premier Wen Jiabao during his visit to Japan in May. Okada said Japan hopes to conclude the treaties as soon as possible.

The director general of the Chinese Foreign Ministry's Boundary and Ocean Affairs Department, Ning Fukui, said China will work with Japan to promote negotiations on the projects in the East China Sea. He also said the first talks were meaningful.

2010/07/27 20:40(JST)
(JST: UTC+9hrs.)

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