VTB and CNPC sign memorandum of understanding

Russia's VTB and China National Petroleum are set to sign an agreement that will forge closer business ties between the bank and China's major oil company, and will strengthen trading links between the two countries.

CNPC, which is active in more than 60 countries, also provides exploration and development and related services to other Russian companies.

Rupert Walker

October 01, 2013

In a landmark deal, Russia’s VTB Group has agreed to sign a Memorandum of Understanding (MOU) with China National Petroleum Corporation (CNPC), China’s largest oil and gas producer and supplier.

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