(EnergyAsia, February 25, Wednesday) — China’s patient pursuit of a long-term oil supply deal with Russia has paid off as cash-strapped Moscow agreed last week to provide 300,000 b/d for 20 years in exchange for an urgent $25-billion loan. The deal, the largest energy transaction between the two countries, was hailed as a major breakthrough…
CHINA: Russia gets $25 billion in loans for long-term crude supply
Posted on February 24, 2009 by EnergyAsia