reserves the key will be whether rosneft get something back in return if b.p. or exxon mobil start giving rosneft big big chunks of their business elsewhere in the world if that happens then nothing runs north will be less of a russian company or more of an international global major in the same way as shell b.p. exxon chevron and others bought all eagle set gins incentives for all chris tracing such a trick or think goes a number of reasons behind why rosneft is looking eastward as you say he's already been west they've made some important strategic partnerships with the likes of exxon mobil and b.p. as we know but the bigger markets if you like the consumer markets for oil and gas to the east china and japan china particularly is a huge market for oil and gas and rosneft already has a supply deal in place we've seen p.c. the state owned chinese oil company and now it's looking to expand its partnership with other companies sign a pack that they've agreed to look at increasing the amount of oil they send to sign a pick. japan clearly is a huge market for oil a

was almost one percent higher the blue chips that traded in the red included rosneft hydro and ariff lot. and china wants more russian oil energy giant rosneft promised to boost oil exports the china bow about nine million tonnes the two sides also agreed to jointly process meanwhile waters reported that rosneft was asking china's oil major c m p c for a thirty billion dollar loan to finance its t.m.p. b.p. purchase a report that rosneft denied russia exploited about twenty four million tonnes of crude a lot to china last year which makes it the country's third largest oil supplier and just seven years russia will become a developed country with low inflation a sizeable middle class and much slower economic growth rates that's according to the latest research from bank of america merrill lynch and the most paradoxical idea in this forecast is that it's russia's demographic problems that will drive these changes by boosting internal consumption earlier on monday i asked him on chu car from around capital moscow what he thinks of all this i can focus on your demographics is that that i

and k b p purchase a report that rosneft denied russia export of twenty four million tons of crude oil to china last year which makes it the country's third largest supplier. in just seven years russia will become a developed country with a low inflation a sizeable middle class and much slower economic growth rates that's according to the latest research from bank of america merrill lynch and the most paradoxically idea in this research is that it's russia's demographic problems that will drive these changes by boosting internal consumption early on monday i asked steve on car auto from iran captain moscow what he thinks of all this. i can focus on your demographics is certainly not enough to draw this conclusion of course we do know the demographics are for discovery we do know that the population will be declining and this will serve to really create some conditions for us four four four four four growth in real wages which might lead to russia becoming kind of a more western economy but once again we need also to take into consideration that of accumulation of capital and also the p

will complete its merger with rosneft in the first half of the year the two sides are over already in the process of exchanging documents and signing confidentiality agreements once completed the fifty five billion dollar deal would create the world's largest oil company displacing the current leader exxon mobil and else. staying with the energy sector europe's largest oil company world that shell plans to quit drilling in the arctic shelf that's after several accidents in two thousand and twelve drilling season shell has spent close to five billion dollars on a search for oil in alaska since it won the license there in two thousand and five but poor weather conditions this winter led to chew major accidents on its drilling platforms despite some analysts saying that the decision to leave the arctic means that it was money down the drain investors actually wolken the move shares of royal dutch shell on the nasdaq have been on the rise for the past two trading sessions russia's central bank may soon lose its independence the russian government considers having state officials on the ba

facing competition from the fos the expanding independent gas producer lower tech as well as state run rosneft both firms are now claiming l. and g. experts writes that to me soon and gas problems monopoly so bad news are piling our poll in this both the boy gas probe is now worth just over one hundred billion dollars the cheapest among global peers on the stock market so that's the business for now as we back later on this right i was small business how it was for the way a kid case i'll tell you very much great. tough the break will be finding out why you have british journalists again the good old slap these days not popular with the public plus also why it's good to go and stay with gold. wealthy british style. time to look for. market why not counting the find out what's really happening to the global economy with mike's conjure for a no holds barred look at the global financial headlines tune in to kaiser report on our. we are facing a lot of problems you know. because no one thought to drink no good school. minutes when you feel how far. other local what's not going up up is a law in th

facing competition from the falsely expanding independent gas producer lower tech as well as paid drug rosneft both firms are now claiming l. and g. experts writes that way soon and gas problems monopoly so bad news are piling up old things both the boy gas from is now worth just over one hundred billion dollars the cheapest among global peers on the stock market. i hope business news from a two hour was out today i'll be back yes oh no party for you to go to you stick around with us you won't go far wrong because you got plenty coming up thanks katie you can stick around to coming up soon in just a couple of minutes why britain's journalists getting a public slap why two it's good to go gold it's the next few minutes. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. choose your language. of holy week over the internet real conversational some of. the cues that consensus you. choose to