Rosneft cedes East Siberian oil fields to China

Rosneft cedes East Siberian oil fields to China
Moscow (AFP) Oct 18, 2013 - Russia's top oil producer Rosneft signed a memorandum on Friday giving the world's largest crude importer China its first direct access to energy-rich East Siberian fields. The preliminary agreement with China National Petroleum Corp (CNPC) aims to help Rosneft meet the terms of a $270-billion deal signed in June that doubles Russia's oil exports to its giant neighbour over 25 years. It ... morehttp://www.energy-daily.com/reports/Rosneft_cedes_East_Siberian_oil_fields_to_China_999.html

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