Russia Oil Corp Rosneft seeking to borrow up to US$30-billion from China for possibly doubling oil supplies

Russian oil company Rosneft is seeking to borrow up to US$30-billion from China in exchange for possibly doubling oil supplies to the mainland. The move would make Beijing the largest consumer of Russian oil and further divert supplies away from Europe.

Industry sources told Reuters news agency that Rosneft?was in talks with the China National Petroleum Corporation. But Rosneft denied it was discussing the loan, and refused to comment on whether it might enter into negotiations at a later date.

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Tags: China, China National Petroleum Corporation, largest consumer of Russian oil, News, oil, politics, possibly doubling oil supplies, Rosneft, Russia, Russia to divert oil supplies away from Europe, US$30-billion

This entry was posted on February 15, 2013 at 3:19 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: http://johnib.wordpress.com/2013/02/15/russia-oil-corp-rosneft-seeking-to-borrow-up-to-us30-billion-from-china-for-possibly-doubling-oil-supplies/

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