The Kazakhstan-China crude oil pipeline is also an important catalyst to push oil business cooperation between the two countries.

There is a lot of potential for China to import more crude oil from Russia.

With the world facing historically high crude oil prices, China's labor cost advantage becomes even more precious because no other country can control operating costs and keep them as low.

The cooperation will enable Chinese enterprises to explore their business by taking advantage of B2B, C2C models and advanced search technology.

This project would not only open up venues of cooperation in the oil and gas sector between the member countries but also help bring the people of regional countries together.

Its already clear that China has to fully use opportunities to expand international cooperation.