Rosneft, Reliance enter biggest-ever India-Russia oil supply deal

Russia’s state-owned oil giant has agreed to supply 500,000 barrels per day of crude to Reliance for a decade.

12 December, 20242 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

The hunt for greener steel stutters

ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.

Business
Story image

Why the price is still not right for green hydrogen

Green hydrogen’s first official price tag in India, while significant, is still a long way from being viable.

Business
Story image

Ambani’s RIL and Aramco to duke it out for a $20 billion prize?

India's second largest private fuel company, Nayara Energy, could be a lucrative acquisition target for the two oil giants as its sanctions-hit Russian owners eye an exit.