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Russian Oil Will Save Thirsty China

Rosneft, Russia's state-controlled oil company, will provide China...

Russian Oil Will Save Thirsty China

Rosneft, Russia?s state-controlled oil company, will provide China with 50 million tons of oil from February 1st 2005 to 2010.

Rosneft signed that agreement with China National Petroleum Corporation on behalf of the Russian government.

In 2003, China joined an energy cooperation project with South Korea and Russia. The project requires $17 billion of investments, and involves gas pipelines from Russia to both China and South Korea.

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