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The Indian PM said political and economic power is being diffused and a multi-polar world is emerging.
Hostilities were renewed when government forces tried to capture a former rebel leader.
The US company posted net earnings of $2.95 billion in its third quarter results this year.
The project demonstrates confidence in South Africa as an investment destination, said the president.
Trade between Europe and China has doubled since 2003 and is now worth more than $1.3 billion a day.
The Libra oilfield is poised to become one of the largest oilfields in the world.
The two sides signed nine agreements, including a crucial Border Defence Cooperation agreement.
China and Russia also agreed to jointly construct an oil refinery in Tianjin.
The panel has submitted its report to the Indian Road Transport Ministry and Heavy Industries Ministry.
The first batch of riot police from China was sent in September.