Russian/Chinese oil powerhouses, Rosneft & Sinopec, move to ditch the dollar

Greetings,

Here is another sign of Petro-Wars. World powers outside of American domination are making preparations to fully exit the use of the American dollar in every transaction, because they realize that the use of this tool of the West is what gives America power, life, and influence.

From currency swaps to bilateral trade agreements outside the scope of US dollar usage, it’s all clear evidence that nations are purging themselves from US dollars and moving more towards an independent new global structure.

Rosneft Working With Sinopec on Payments in National Currencies

The head of Rosneft says that the Russian company is working with China’s petroleum and chemical corporation Sinopec on the issue of mutual payments in national currencies.

MOSCOW (Sputnik) — Russia’s oil giant Rosneft is working with China’s petroleum and chemical corporation Sinopec on the issue of mutual payments in national currencies, the head of the Russian company said Saturday.

“For the sale [of oil] in national currencies it is necessary to provide our traders with available financial resources. Customers will insist on a comprehensible exchange rate. We need to work more thoroughly here, clear all the details,” Igor Sechin said in an interview with Rossiya-24 TV channel.

“We are working with Sinopec in this direction now,” he added.
Sechin also noted that Rosneft is planning to expand cooperation with Vietnam Oil and Gas Group (PetroVietnam).

“We are working with Vietnam, we have some projects on production. We are planning to expand our cooperation,” Igor Sechin said in an interview with Rossiya-24 TV channel.
Read more: http://sputniknews.com/business/20150620/1023641842.html#ixzz3deIMsCy6

Click here for reuse options!
Copyright 2015 Hiram's 1555 Blog