mo4ch:>Russia’s Rosneft aims for $500bn worth of energy deals with China | Mo4ch News
Russian energy major Rosneft has a “leading role” to play in ensuring China’s energy security, according to the company’s Chief Executive Igor Sechin.Speaking at the first Russian-Chinese Energy Forum in Beijing, he said the total volume of Rosneft’s crude shipments to China is expected to exceed 50 million tons this year. “Rosneft is one of the leaders in terms of petrochemical supplies to China,” he said.According to Sechin, the company supplied about 40 million tons of oil last year, “thereby providing about 6.5 percent of China’s total raw materials demand.”Also on rt.comRussia tightens oil grip as top crude supplier to ChinaThe CEO said: “Taking into account the mutual trade turnover on already concluded contracts, the total volume of deals between Rosneft and its Chinese partners will exceed $500 billion by 2035.”He noted that “Beijing, in turn, is interested in ensuring its energy security and reliable supply channels.”READ MORE: Russia plans to boost trade with China to $200bn…