MUMBAI/NEW DELHI (Reuters) - Essar Oil Ltd( ESRO.NS ) will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina. Essar Oil could sign a preliminary agreement with China Development Bank (CDB) on Tuesday to borrow that amount during Chinese Prime Minister Li Keqiang's visit to Mumbai, his first foreign trip, the sources said.
Reported by Firstpost 4 hours ago.
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