February 13, 2013 / 6:11 PM / in 5 years

Rosneft says not currently in talks on China loan

MOSCOW, Feb 13 (Reuters) - Russia’s top crude producer Rosneft said on Wednesday it is not currently in talks to secure a loan from China.

“Rosneft is not in talks about obtaining a loan from China,” the company said in emailed comments to Reuters.

Sources have told Reuters that Rosneft was seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.

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