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China Gets Access to Siberian Oilfields

by John Daly, Oil Price:

On 18 October state-owned Russian oil firm Rosneft signed a memorandum of understanding with state-owned China National Petroleum Corp., a significant arrangement that gives China its first direct access to East Siberia’s rich hydrocarbon fields for joint development.

The MOU builds upon a deal signed in June in the presence of Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli, which saw Rosneft receive a $70 billion upfront payment from CNPC for its promise to raise exports by 300,000 barrels per day.

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1 comment to China Gets Access to Siberian Oilfields

  • Meat Eater

    Massive, Massive news!

    Big oil (western oil) have long used access to Middle Eastern and African oil as a lever and a stick with which to control China. With Russia currently restraining the US and Israel from acting smashing Iran (and thus allowing China to load up every drop of Iranian oil it can carry), and now with Russia directly going into a relationship with China to supply oil and develop other Russian fields, the NWO guys in the west must be wondering WTF is going on.

    Looks like we will be servants to the Russian and Chinese NWO elite instead of the western NWO elite.

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