With China slowing down, Russia is trying to sell its oil to India
With China slowing down, Russia is trying to sell its oil to India
by Gaurav Agnihotri at OilPrice.com
http://www.businessinsider.com/russia-is-trying-to-sell-oil-to-india-2015-9
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By now, the whole world knows that Russia has been trying to pivot towards China in the wake of the U.S. and EU sanctions that specifically targeted the Russian oil and gas industry.
On September 3, 2015, during a meeting of Russian President Putin and Chinese President Xi Jinping in Beijing, China’s CNPC and Russia’s Gazprom signed a Memorandum of Understanding for a third project that will be developed in the next five years.
Although this seems to be a win- win situation for both nations, one has to consider the fact that there have been several delays in most of the previous China – Russia deals.
China and Russia finalized a gas deal in May 2014 which involved construction of two pipelines that would transport Russia’s gas to China.
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