Rosneft To Double China Exports In $270B Supply Deal

Law360, New York (June 21, 2013, 2:45 PM EDT) -- Russian oil titan OAO Rosneft has agreed to double its oil supplies to China, signing a 25-year deal Friday valued at a colossal $270 billion to boost its China exports by 300,000 barrels per day, Rosneft's chief executive said in a statement.

Rosneft CEO Igor Sechin said the value of the deal is "roughly $270 billion", making it one of the biggest supply contracts in Russian history. The agreement, which will kick in after 2015, calls for Rosneft to expand its China exports to 600,000 barrels...
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