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Russia seeks to unlock $25 bln China oil loan talks

Posted on 12 February 2009

From Reuters: A high-level Russian state delegation will travel to China next week in a bid to unlock a $25 billion loan that Moscow is seeking from Beijing as part of a bigger oil supply deal, two industry sources said.

China is considering lending the money to Russian state-controlled oil major Rosneft and pipeline monopoly Transneft in exchange for securing supplies for 20 years….. Full Article: Source


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