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Tuesday, March 31, 2009

Russia primes $25bn China deal

03-30-2009 - Upstream OnLine - Russia will sign a final deal with China guaranteeing crude supplies in exchange for $25 billion in loans within one or two weeks, Russia's Deputy Prime Minister Igor Sechin was quoted as saying today. A report published by Russia's RIA news agency also said China is due to lend $15 billion to state-controlled Rosneft and another $10 billion to pipeline monopoly Transneft.

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