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.
http://www.reuters.com/