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China Desperately Seeking Commodities: China Investing in Russian Oil Producer

• Commodity Trader Alert

The agreement appears to be a route to a backdoor listing of the Russian company in Hong Kong. In one unusual aspect of the deal, Hong Kong-based financial firm Oriental Patron Financial Group is a shareholder in both Nobel Holdings and the Hong Kong-listed company, Kaisun Energy Group Ltd.

China Investment Corp., the sovereign fund, said in a statement posted on its Web site Thursday that

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