Last week, Russian President Vladimir Putin announced that Rosneft, the state-owned oil company, had struck one of the largest oil deals in history. Under the $270 billion deal, Russia will send oil to China for 25 years, beginning around 2015. In this video, contributor Aimee Duffy takes a look at what this deal could mean for oil exploration in Russia, and highlights another recent deal that China has entered that could also have important geopolitical implications.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. For more energy information, follow them on Twitter, @TMFDuffy and @TylerCroweFool.

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