Xinhua world economic news summary at 0430 GMT, July 4

Jul 4, 2009

Jul 04, 2009 (Xinhua via COMTEX) -- MOSCOW -- Russia's State Duma, the lower house of parliament, approved on Friday a Russia-China intergovernmental agreement on oil cooperation, the Itar-Tass news agency reported. The agreement, which envisions long-term Russian oil supplies to China, was signed by Russian Deputy Prime Minister Igor Sechin and Chinese Vice Premier Wang Qishan in April. (Russia-China-Oil) - - - - LAGOS -- Nigeria on Friday in Abuja signed an Inter-Governmental Agreement with Algeria and Niger Republic to promote the Trans-Sahara Gas Pipeline project, the News Agency of Nigeria reported. The agreement was signed by Nigeria's Minister of Petroleum Resources, Rilwan Lukman, Algerian Minister of Mines and Energy, Chakib... [read full story]