economy - Putin gives China priority for oil

The Russian president Vladimir Putin gives an oil pipeline to China priority over the connection to Japan, he said after attending the G8 conference in the UK, according to the Nanfang Daily (picked up by the China Media Watch of Chinabiz).

In the fight for Russian oil Japan has been pushing Russia to first build a pipeline favors Japan and promised aid of 9 billion US dollars. The Japanese proposal is a 4,000 kilometers pipeline which runs from Taishet to Nakhodk, a southern port on Russia's coast of the Sea of Japan.