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Sunday, December 16, 2018

Beijing, Moscow Discuss O&G Exploration in Arctic

Maritime Activity Reports, Inc.

July 8, 2015

Beijing and Moscow discussed the potential participation of Chinese companies in natural resources exploration in Russia's Arctic, a senior Chinese Foreign Ministry official said on Wednesday.

Russia has been struggling to speed up oil and gas exploration in resource-rich offshore Arctic areas due to Western sanctions restricting foreign companies from helping Russia tap the deposits.

(Reporting by Katya Golubkova)

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