loan deal estimated to be worth up to US$25 billion. Russia desperately needs the money to help its economy cope with the fallout of the global financial crisis. The oil will be supplied by state oil firm Rosneft through pipelines owned and operated by the Transneft pipeline monopoly. The two state-controlled firms have a combined…
RUSSIA: New oil deal with China could be worth $25 billion
Posted on November 24, 2008 by EnergyAsia