ROSNEFT, RELIANCE AGREE BIGGEST EVER INDIA-RUSSIA OIL SUPPLY DEAL
Hindustan Times West UP|December 13, 2024
Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.
Reuters

NEW DELHI/MOSCOW:

The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine.

Rosneft did not reply to requests for comments.

This story is from the December 13, 2024 edition of Hindustan Times West UP.

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This story is from the December 13, 2024 edition of Hindustan Times West UP.

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