Russian oil – Rosneft has concluded a major deal with Indian Reliance – UNIAN

The Russian state company Rosneft has agreed to supply almost 500 thousand barrels per day of oil to the private Indian oil refinery company Reliance.

This became the largest energy agreement in history between the two countries, Reuters writes, citing sources. It is noted that the ten-year deal is worth approximately $13 billion a year at today's prices and represents 0.5% of global supply. This will further strengthen energy relations between India and Russia.

The agency notes that the agreement was concluded on the eve of the planned visit of Russian ruler Putin to India. According to it, Rosneft will supply 20-21 Aframax-sized cargoes monthly (from 80 to 100 thousand metric…