Chinese Vice Premier Wang Qishan and OAO Rosneft (ROSN.RS) chief Igor Sechin on Sunday discussed increasing oil deliveries to China, the Russian oil giant said in a statement.
"The sides discussed a wide range of questions on increasing deliveries of oil to the Chinese People's Republic and also the participation of companies in upstream and downstream in Russia and China," Rosneft said in the statement.
Mr. Sechin is currently leading a Rosneft delegation on a two-day visit to China. Russian news reports in January suggested Rosneft and China were in talks on nearly doubling supplies from the current 300,000 barrels of crude per day.
Reuters news agency cited four unnamed industry sources last week as saying Rosneft could receive a loan of up to $30 billion from China for doubling deliveries.
A spokeswoman for Rosneft declined further comment on the talks Sunday. Rosneft Thursday denied it was in talks on a loan from China.
Rosneft already supplies 15 million metric tons per year to China under a 2009 deal. That agreement saw China extend a $25 billion credit to Rosneft and Russian pipeline operator OAO Transneft.
Rosneft is acquiring competitor TNK-BP in deals worth $55 billion.
In December, Mr. Sechin held talks in Russia with Mr. Wang on a proposed multibillion-dollar refinery and petrochemical project at Tianjin in China.
Write to James Marson at James.Marson@dowjones.com.
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Chinese Vice Premier Wang Qishan and OAO Rosneft (ROSN.RS) chief Igor Sechin on Sunday discussed increasing oil deliveries to China, the Russian oil giant said in a statement.
"The sides discussed a wide range of questions on increasing deliveries of oil to the Chinese People's Republic and also the participation of companies in upstream and downstream in Russia and China," Rosneft said in the statement.
Mr. Sechin is currently leading a Rosneft delegation on a two-day visit to China. Russian news reports in January suggested Rosneft and China were in talks on nearly doubling supplies from the current 300,000 barrels of crude per day.
Reuters news agency cited four unnamed industry sources last week as saying Rosneft could receive a loan of up to $30 billion from China for doubling deliveries.
A spokeswoman for Rosneft declined further comment on the talks Sunday. Rosneft Thursday denied it was in talks on a loan from China.
Rosneft already supplies 15 million metric tons per year to China under a 2009 deal. That agreement saw China extend a $25 billion credit to Rosneft and Russian pipeline operator OAO Transneft.
Rosneft is acquiring competitor TNK-BP in deals worth $55 billion.
In December, Mr. Sechin held talks in Russia with Mr. Wang on a proposed multibillion-dollar refinery and petrochemical project at Tianjin in China.
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