December 13, 2024 10:05 am
Two sources said Reliance and Rosneft will review pricing and volumes every year under the deal to factor in oil markets dynamics.
May 29, 2024 8:10 am
The shift to rouble payments follows Russian President Vladimir Putin's push for Moscow and its trading partners to find alternatives to the Western financial system to facilitate trade despite U.S. and European sanctions.
June 23, 2023 10:26 am
State-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a price based on the Dubai benchmark.
March 01, 2022 12:15 pm
February 06, 2020 2:16 pm
Rosneft, Reliance, Repsol and Chevron have emerged as the main business partners for PDVSA since the United States imposed the steepest sanctions yet on the state-owned Venezuelan company last year.
December 18, 2017 1:26 am
Venezuela’s subsidised shipments have fallen by at least 40 per cent since 2014. Cuba is looking for new suppliers to help mitigate electricity and fuel rationing to state companies.
August 21, 2017 2:53 pm
It is also Russia's single-largest foreign investment made anywhere in the world. The deal includes acquisition of Essar Oil's (EOL) 20 million tonne Vadinar refinery in Gujarat and its retail outlets, as well as the Vadinar Port at an additional $2 billion.
May 10, 2016 3:59 pm
The comments are the first from Russia's most influential oil executive after crude producers failed to agree to freeze output to support prices at a meeting in Qatar last month.
May 25, 2014 8:50 pm
The parties will jointly consider forming a consortium led by Rosneft and involving other partners.
September 03, 2013 2:11 am
All the 12 qualified firms will now be invited to review data packages and discuss contract terms.



