Two of Russia’s top energy producers announced Tuesday agreements with China to deliver oil and gas, as the countries move to cement stronger ties.
Under the terms of the deal, Rosneft (ROSN.RS) the world’s largest listed crude oil producer will supply Sinopec Group–China’s largest oil refiner–with 10 million metric tons of oil a year for 10 years, Rosneft President Igor Sechin said following a meeting of top energy and political officials in Beijing.
Russian Prime Minister Dmitry Medvedev later told reporters that the Rosneft-Sinopec contract is valued at around $85 billion, Russian news agencies reported.
Read Full Article HERE
Lukas Alperts, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/qhuWHa6HU_g/
No comments:
Post a Comment