25 March 2013 04:00 [Source: ICIS news]
SINGAPORE (ICIS)--Russia’s state oil major Rosneft has signed a deal with China to increase its crude supply to China to 31m tonnes/year from the present 15m tonnes/year, media reports said over the weekend.
In return, the China Development Bank (CBD) will provide a $2bn (€1.5bn) loan to Rosneft for the deliveries for 25 years, Russian news agencies reported, citing Rosneft CEO Igor Sechin.
The deal was signed on 22 March during Chinese President Xi Jinping's visit to Moscow.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections