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8 hours ago · A term deal with Rosneft also helps privately-run Reliance to secure oil at discounted rates at a time the Opec+ group of oil producers is expected to extend voluntary supply cuts beyond June. The Opec+ group comprising the Organisation of the Petroleum Exporting Countries (Opec) and allies, including Russia, is due to discuss the output cuts ...
8 hours ago · Rosneft and Reliance Industries have reportedly clinched a one-year deal. India's largest private corporation Reliance Industries and the Russian company Rosneft have signed a one-year contract for monthly supplies of up to three million barrels of oil that will be paid for in rubles, Reuters reported on Tuesday, citing sources familiar with the issue.
8 hours ago · May 30, 2024. Representation image. Reliance Industries Limited (RIL) signed a one year agreement with Russia’s Rosneft to purchase at least three million barrels of oil per month, paying in roubles. The transition to rouble payments aligns with Russian President Vladimir Putin’s initiative for Moscow and its trade partners to develop ...
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8 hours ago · The RN-Yuganskneftegaz company, the largest subsidiary of Rosneft in the Khanty-Mansi Autonomous Okrug, was headed by a new director. An agency source familiar with the oil industry said that Alexander Shimansky has been appointed general director of the enterprise. Before him, Yegor Filippov performed the duties of manager.
8 hours ago · Specializes in editorial news, local news entertainment, and political content. His captivating storytelling and deep industry knowledge make him an expert in crafting engaging narratives. eliance Industries has signed an agreement with Russian company Rosneft for one year. Under this agreement, Reliance will import at least.
8 hours ago · Blinken pledges US support for Moldova amid rising Russian threats. Voice of America. 30 May 2024, 06:35 GMT+10. State Department - U.S. Secretary of State Antony Blinken on Wednesday reaffirmed the U.S. commitment to Moldova, pledging $135 million to enhance energy security and counter Russian disinformation during his visit to Chisinau.
This one-year deal allows Reliance to secure oil at lower prices while Russia benefits from increased sales amidst sanctions. This agreement further solidifies India's position as a key buyer of Russian oil, with payments made in roubles, highlighting the shift away from traditional INR payments. 19K subscribers in the GeopoliticsIndia community.
