The Center, founded in 1985, is an environmental organization dedicated to protecting the environment, enhancing human, animal and plant ecologies, promoting the efficient use of natural resources and expanding participation in the environmental movement.
Wednesday, February 18, 2009
China and Russia Sign Oil Deal
China reached a long-term deal to lend $25 billion to two Russian energy companies in exchange for an expanded supply of Russian oil. State-owned OAO Rosneft, Russia's biggest oil producer, and OAO Transneft, its oil pipeline operator, will split the $25 billion in loans from China Development Bank. In exchange, Russia will provide China with an additional 15 million metric tons of crude oil a year. (WSJ, 2/18/09)
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