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Rosneft prepares $60 bln oil contract with China

June 20, 2013, 17:37 UTC+3
Russian President Vladimir Putin said 'a large-scale, unprecedented contract with Rosneft has been drafted'
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ST. PETERSBURG, June 20 (Itar-Tass) - Russia’s oil major Rosneft has prepared a 60-billion-U.S. dollar-worth contract with China on oil sales, Russian President Vladimir Putin said on Thursday at a meeting with Chinese Prime Minister Zhang Gaoli.

“A large-scale, unprecedented contract with Rosneft has been drafted. Oil supplies to China are expected to reach several hundreds million tons, to a sum of 60 billion U.S. dollars,” the Russian president said.

“We pin big hopes on cooperation between China and Russia’s Gazprom, and Novatek. These are large-scale long-term projects for years to come,” Putin said. “Our focus is also on high technologies sector. I am sure we have good prospects in this area as well.”

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