Oil-and-gas contracts with China are profitable for Russia
Edited by Rhod Mackenzie / 2014-09-02 06:52:12
China Oil and Gas Russia China Oil and Gas Power of Siberia (Sila Sibiri) Gas Gazprom Novatek Pipelines Rosneft
The major oil-and-gas contracts, signed between Russia and China over the last 15 years are profitable for Russian companies. They provide them the possibility for growth and access to new financing sources with future prospects.
These agreements will also enable them to reduce the dependence of Russia from European energy markets, which threaten to impose sanctions. It is said in the report of the international rating agency Moody’s, published on Tuesday.
