Rosneft (RNFTF.PK) is seeking to borrow up to $30B from China in exchange for possibly doubling...

|About: Rosneft Oil Company OJSC (RNFTF)|By:, SA News Editor

Rosneft (RNFTF.PK) is seeking to borrow up to $30B from China in exchange for possibly doubling oil supplies, Reuters reports, which would make China the largest consumer of Russian oil and further diverting supplies away from Europe. Rosneft already needs to borrow up to $40B to complete the TNK-BP acquisition, and seeks billions more to launch Arctic fields and for refinery upgrades.