Rosneft says signs $270 billion oil deal with China
21 June 2013 @ 04:40 pm AEST
ST PETERSBURG -
Igor Sechin, the head of Rosneft , revealed details of new oil deals with China on Friday, saying that the firm had committed to supply 365 million tonnes over 25 years, putting the deal's price tag at $270 billion.
He said new supplies would start in July.
Russia already supplies China with 15 million tonnes (300,000 barrels per day) of oil annually via an Asian pipeline.
(Reporting by Denis Pinchuk; writing by Vladimir Soldatkin, Editing by Alessandra Prentice)
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