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2014-09-04 18:30:00

CHINA: GOOD FOR RUSSIA

CHINA: GOOD FOR RUSSIA

Russia's recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody's Investors Service.

Major agreements signed in the past 15 months between China National Petroleum Corp. and Novatek, Rosneft, and Gazprom "are credit-positive for the Russian oil and gas companies," according to Julia Pribytkova, Moody's vice-president and senior analyst in Moscow.

"They provide the Russian companies with opportunities for growth and access to new sources of funding, with the potential to expand these relationships in the…

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Tags: CHINA, RUSSIA, OIL, GAS, CNPC, ROSNEFT, GAZPROM, NOVATEK, LNG
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