Feb 18 – China lends Russian oil companies $25 billion in exchange for 20 years of oil from their new East Siberian oilfields.
Cash-rich and energy-hungry China is lending the money for Russia to invest in its oil infrastructure as Moscow faces its first recession in a decade.
Stefanie McIntyre reports
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China lends Russian oil $25 billion
questions
- Where is the new oil field?
- How is the ‘loan’ described?
- How is Transneft the pipeline company run?
- How will the loan help the Russian oil industry?
- How much oil will Russia pump into China?
- What is this worth at current prices?
- Who is the number one oil exporter in the world?
- How does Russia want to develop its exports of oil?
- What is China’s position vis-à-vis oil?
- How are China’s oil demands described?
- Why is China keen to secure energy supplies?
- What happened to Chinese-Russian talks last year?
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