Rosneft to Supply China Over 25 Years

People ♦ Published: June 24, 2013; 18:46 ♦ (Vindobona)

Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.

Rosneft to Supply China Over 25 Years / Picture: © Rosneft

Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn, as the Kremlin energy giant shifts its focus to Asia while turning its back on saturated and crisis-struck European markets.The deal was signed on Friday and involves the company to supply China with 300,000 barrels per day (bpd) over 25 years starting in the second half of the decade on top of the…

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