On August 2, 2010 the Ambassador of Ukraine Yuri Kostenko met with the vice-president of China National Precision Machinery Imp. & Exp. Corporation (CPMIEC) Mr. Zhao Xiaolun.
The CPMIEC Corporation was established by the decision of the State Council of the Peoples Republic of China with the purpose of conducting research and testing and to make the precision engineering products along with the advanced technology products in the aerospace field.
During the meeting with the leader of CPMIEC the issues of the development of bilateral cooperation in the oil and gas field were discussed, in particular, concerning the participation of CPMIEC Corporation in the construction project and purchase and sale of the self-elevating offshore drilling rig for the needs of the state joint-stock company “Chornomornaftogas” according to the Protocol of intent between Ukrainian company “Chornomornaftogas” and CPMIEC Corporation about the cooperation in the field of the offshore oil platforms which was signed in October, 2009 during the visit of Vice-premier of the State Council of the P.R.C. Zhan Dejiang to Ukraine.
The agreements were reached on the participation of the CPMIEC leaders in the Ukrainian-Chinese business forum which is scheduled to be held in the beginning of September 2010 during the state visit of the President of Ukraine Victor Yanukovich to China.