Russia to supply oil to China in $270 bln deal

6/21/2013

Russia to supply oil to China in $270 bln deal

MOSCOW -- Russia's state-controlled oil firm Rosneft has agreed to an oil-supply deal with China valued at $270 billion, according to media reports on Friday.

Rosneft will provide China with 300,000 bopd over 25 years, in addition to the 300,000 bopd it already supplies to the Asian nation, Reuters reported on Friday. Rosneft Chairman Igor Sechin said the estimated value of the deal is $270 billion, according to the report.

Dow Jones Newswires

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