Yesterday, the giant oil company Rosneft of Russia has signed a contract worth supply of oil to 270 billion within 25 years with the national oil company CNPC China. Thus, the Russian oil sales to China will double current.
Russia is redirecting the flow of oil to Asian markets
The agreement was signed by leaders of the two companies in the presence of Russian President Vladimir Putin. This is considered one of the largest oil and gas supply historical world oil and gas industry. At the same time it also shows intent shifted the focus of Russian export markets from Europe to Asia.
"The estimated value of this contract at market price right now is not a precedent, 270 billion dollars," Putin told the investors in the world economic forum in Saint Petersburg, after witnessing the signing with Chinese Vice Premier Zhang Gaoli.
Under this agreement, Rosneft will receive payments at about $ 70 billion from CNPC, Putin said.
Deliveries will be made from 2015 and Rosneft will supply 300,000 barrels of oil / day for the Chinese side, right by Russian oil sold to China today.
In another deal, CNPC will buy 20% stake in a liquefied natural gas projects in the Arctic, where France's Total corporation holding 20% stake and private corporations Novatek Gas of Russia holding the remaining shares again.
Over time, Mr. Putin has priority to stabilize relations with the sometimes treacherous giant Asian neighbors in the context of Russia's relations with Western countries has become even more complicated.
Russia wants to diversify its energy customer, away from the eurozone in crisis, and they understand that we have not fully exploited the potential of the huge Asian market, especially China.
"Oil consumption in China will also increase. And in Japan, consumption will also increase, "Putin said. "On the contrary, Europe is witnessed certain difficulties".
No comments:
Post a Comment