BUSINESS - Russia lets China in on East Siberia oil production:
"Rosneft will cede a share of its oil riches to China under a memorandum signed on Friday to jointly develop East Siberia deposits in the first such deal between China's largest oil company and Russia.
The world's top oil producer, Russia has previously preferred to sign long-term supply deals backed by loans with China, the biggest oil importer.
But with net debt of over $57 billion, pressure is growing on Rosneft to partner with Beijing."
'via Blog this'
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