* Sources say Rosneft in talks over $30 bln loan
* Rosneft CEO Igor Sechin on a visit to China
MOSCOW Feb 18 Russia's top crude producer
Rosneft said its chief executive had started talks in
China over the possibility of increasing oil supplies to the
world's largest energy consumer.
The company also said on Monday it was in talks with Chinese
companies about possible joint development of Russian offshore
oil and gas deposits.
Last week, industry sources told Reuters Rosneft was seeking
to borrow from Chinese state firm CNPC in exchange for possibly
doubling oil supplies, which would make Beijing the largest
consumer of Russian oil and divert supplies away from
Rosneft said it was not in talks about obtaining a loan from
The company said on Sunday that CEO Igor Sechin, a powerful
ally of Russian president Vladimir Putin, met Chinese Vice
Premier Wang Qishan in Beijing.
"The sides have discussed a wide range of issues about
increasing oil supplies to the People's Republic of China as
well as participation of the companies in mutual work in
upstream and downstream sectors, both in Russia and China,"
Rosneft said in a statement.
Russia, the world's largest oil producer and the
second-largest exporter after Saudi Arabia, is already supplying
China with 300,000 barrels per day of crude oil via a pipeline.
A doubling of deliveries to China would swell Russia's
exports to Asia to more than a fifth of its overall exports.
On Monday the company said it had discussed the possibility
of joint development of Russia's shelf with Sinopec
and CNPC, parent of refiner PetroChina
Rosneft also said that it and Chinese offshore oil and gas
specialist CNOOC had held talks about the possibility
of participation in joint projects to tap undersea deposits.
Rosneft had earlier signed deals with Exxon Mobil,
Statoil and Eni to tap Russia's vast Arctic
Rosneft also said that Sechin offered to study a possible
partnership with China in developing liquefied natural gas (LNG)
after the state-controlled company and Exxon agreed last week to
consider a project to build an LNG plant on the Pacific island
Rosneft had offered CNPC participation in offshore projects
in the past, including some blocks in the Okhotsk Sea near the
Far Eastern city of Magadan, but no agreement was ever reached.