Friday, June 21, 2013

China joins mad dash for oil in dangerous arctic

Guest Post: China’s Arctic Strategy | Zero Hedge: "These moves come on top of recently announced deals with Rosneft and Gazprom to explore Arctic fields for oil and gas. At the recent Sino-Russian summit, China concluded a contract with Rosneft to triple the size of current oil deliveries to China to 900,000 BPD, putting it on a par with Saudi deliveries to China, according to a recent report in the Financial Times print edition."

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