China Huaxin shares Russian oil company and sign oil purchase agreement
China News Agency, Beijing, October 18, (Xia Bin) 18 reporters from China Huaxin Energy Company Limited (hereinafter referred to as "Chinese DHC") was informed that the company recently to $9 billion 100 million stake in the Russian state oil company (hereinafter referred to as "the Russian oil company), and signed from the Russian oil refinery engineering company annual purchase over ten million tons of Russian crude oil agreement. China DHC announced in September, with Glencore consortium and the Qatar Investment Authority union reached an agreement. Chinese Watson held by the consortium acquisition of Russian oil company 14.16% of the shares and the contract amount is expected to be approximately $9 billion 100 million. The acquisition will make China Huaxin become the third largest shareholder of Russian oil company. According to the agreement, the Russian oil companies pei agreed to sell 1100 to 13 million tons of Russian crude oil to China Huaxin in one