Russia and China have finally signed an energy cooperation agreement under which Russian companies will receive a $25 billion loan from Beijing, while China nails down long-term Russian oil supplies (NC Apr.2,p4). Under the deal, inked in Beijing by Russian Deputy Prime Minister Igor Sechin and his Chinese counterpart, Wang Qishan, two Russian state firms, Rosneft and Transneft, will deliver 300,000 b/d of oil over 20 years to China via a spur from the massive East Siberia Pacific Ocean (Espo) pipeline.
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