13 February 2013

RUSSIA / CHINA / ENERGY : Rosneft Seeks $30 Billion From Beijing.

                  REUTERS EXCLUSIVE

      Russian oil giant Rosneft is said to be in negotiations with Beijing...to borrow $30 billion...in exchange for doubling future oil supplies.
     The deal with CNPC would be similar to a previous $25 billion deal.
     Rosneft needs the cash to finish its $55 billion purchase of TNK-BP.
      About 15% of Rosneft's current oil output flows by pipelines to Asia...and China.