A worker passes a line of oil pumping jacks in the Bashneft oilfield outside the village of Nikolo-Beryozovka near Neftekamsk in Russia. The recent acquisition spree by Chinese firms in Russian energy and commodities companies is set to continue into next year, according to a senior banker at the Moscow-based, Russian state-backed investment firm VTB Capital. Photo: Bloomberg

China’s Russian buying spree to continue, says leading Moscow investment bank

Commodity prices rebounding from industry cycle lows is helping further cement the nations’ ties, says co-head of global banking at VTB, the investment banking unit of Russian government-controlled VTB Bank

Topic |   Energy

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A worker passes a line of oil pumping jacks in the Bashneft oilfield outside the village of Nikolo-Beryozovka near Neftekamsk in Russia. The recent acquisition spree by Chinese firms in Russian energy and commodities companies is set to continue into next year, according to a senior banker at the Moscow-based, Russian state-backed investment firm VTB Capital. Photo: Bloomberg
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.