China, Russia sign oil deal, discuss $25 bln loan

[Slimprofits]

China, Russia sign oil deal, discuss $25 bln loan: report

By Moming Zhou
Last update: 2:01 p.m. EDT Oct. 27, 2008

NEW YORK (MarketWatch) - Russia and China will sign a long-term oil supply deal on Tuesday, and Beijing is in talks to lend Russian companies $20-$25 billion in export-backed loans, Reuters reported Monday, quoting industry sources. Chinese Premier Wen Jiabao is on his way to Russia and is scheduled to meet Russian officials Tuesday, the news agency reported. The deal will give Beijing access to 300 million metric tons of Russian oil over the next 20 years, accounting for 4% of its annual demand, while allowing Russian firms to sort out immediate financing needs.

[c1ue]

Re: China, Russia sign oil deal, discuss $25 bln loan

Nice, this is what China should be doing: exchanging dollars for commodities.

And Russian oil companies get the short term dollar needs filled.

Now I need to find out who gets what.

[phirang]

Re: China, Russia sign oil deal, discuss $25 bln loan

Russia will go broke (or into chaos) unless they can get the oil up again.

China is looking at high-teen unemployment as exports collapse. more chaos.

Unless, of course, they come back to the party.

[c1ue]

Re: China, Russia sign oil deal, discuss $25 bln loan

Phirang,

You're yakking without any proof again.

Please show some substance to your assertions - it is completely a waste of everyone's time when you just yap about some personal belief as if it is supposed to mean something.

You are'nt Sapiens, and even $#* has at least done some good work on ETN/ETF details.

[touchring]

Re: China, Russia sign oil deal, discuss $25 bln loan

Russia will go broke (or into chaos) unless they can get the oil up again.

China is looking at high-teen unemployment as exports collapse. more chaos.

Unless, of course, they come back to the party.

Things are starting to look bad in china, but however bad the unemployment, they can't be worst than in Sichuan last year when 20,000 single child died when their badly constructed schools collapsed.

After that, i am convinced that no economic disaster will cause significant chaos in China.

[phirang]

Re: China, Russia sign oil deal, discuss $25 bln loan

Phirang,

You're yakking without any proof again.

Please show some substance to your assertions - it is completely a waste of everyone's time when you just yap about some personal belief as if it is supposed to mean something.

You are'nt Sapiens, and even $#* has at least done some good work on ETN/ETF details.

You're right, my data is all anecdotal. It is from direct sources, and so far, they've been spot-on.

In the future, I'll defer to Chinese public data for all future investments and decisions... :rolleyes:

[a warren]

Re: China, Russia sign oil deal, discuss $25 bln loan

someone kill this phiread

[c1ue]

Re: China, Russia sign oil deal, discuss $25 bln loan

You're right, my data is all anecdotal. It is from direct sources, and so far, they've been spot-on.

Yes, mysterious direct sources known only to you.

Who don't publish, who don't have data, and who may even not exist.

If you cannot or will not provide any information, then why even post? It is a waste of everyone's time, because no one is going to just take your mysterious friends' word - via you - for it.

[phirang]

Re: China, Russia sign oil deal, discuss $25 bln loan

Yes, mysterious direct sources known only to you.

Who don't publish, who don't have data, and who may even not exist.

If you cannot or will not provide any information, then why even post? It is a waste of everyone's time, because no one is going to just take your mysterious friends' word - via you - for it.

good, since no one is paying me for it, anyway.

[c1ue]

Re: China, Russia sign oil deal, discuss $25 bln loan

good, since no one is paying me for it, anyway.

And there's no reason to start now.