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China follows the smell of Russian oil
China intends to increase investment in the Russian economy. The investment plans included the infrastructure, residential sector, and high tech areas. The prospects of cooperation between the two countries look promising, but the Russian Federation is not on the top of the list for China.
Rossiyskaya Gazeta recently reported that, according to the President of the Chamber of Commerce for Import and...
Rockefeller buys into Russian oil business
An oil pumper near Longepas, Russia
Stephen Clark Rockefeller’s UK-based oil company has reached an agreement with VTB Bank to purchase a 100% stake in Tehneftinvesta for $1 billion.
VTB Capital facilitated the sale which gives Rockefeller Oil over 180 million tonnes of oil reserves, and 20 billion cubic meters of natural gas, Kommersant newspaper reported on Thursday.
Vitaly Kryukov, an analyst...