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China, Russia Strike $25 Billion Oil Pact

Feb. 17, 2009 - Source: Wall Street Journal

In Tuesday's deal, state-owned OAO Rosneft, Russia's biggest oil producer, and OAO Transneft, its oil pipeline operator, will split the $25 billion in loans from China Development Bank, 2883 0.12 % according to a Transneft spokesman. In exchange ...

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Transneft (Транснефть)

Transneft (Транснефть) is a Russian state-owned company responsible for the national oil pipelines. Tansneft was founded in 1993 and owns the largest oil pipeline system in the world, with a ...


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