India’s Reliance to buy Russian oil in roubles

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DealsEnergy

Reuters exclusively reported that India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles. 

Market Impact

India, the world’s third-biggest oil importer and consumer, has become the biggest buyer of seaborne Russian crude since the West halted purchases and imposed sanctions against Moscow in the aftermath of Russia’s 2022 invasion of Ukraine.

Article Tags

Topics of Interest: DealsEnergy

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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