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BHARAT will now import oil from Russia; aims for price stability :
Rosneft, OVL’s partner, has been consistently trying to increase the shares in other oil fields in the region by forming a consortium of BHARTIYA investors such as Oil India, Indian Oil Corporation, and Bharat Petro Resources.
To date, BHARTIYA oil and gas companies have acquired stakes in 5 Russian companies/projects at a value of about $15 bn. Rosneft, as the leader of a consortium of investors, has acquired a 98% stake in India’s Essar Oil that owns the Vadinar refinery in Gujarat, India’s second-largest.
In fact, the Modi government is seriously into looking at the process of privatizing many of the oil majors and some are having very serious discussions with Russian companies to see if some of these stakes can be acquired by Russian companies. Likewise, Delhi is looking at long-term arrangements for the supply of coking coal from Russia for BHARTIYA steel plants.
See - https://eurasiantimes.com/how-old-p...alibrate-their-strategic-ties-through-energy/
See - https://www.financialexpress.com/ec...from-russia-aims-for-price-stability/1858121/
Rosneft, OVL’s partner, has been consistently trying to increase the shares in other oil fields in the region by forming a consortium of BHARTIYA investors such as Oil India, Indian Oil Corporation, and Bharat Petro Resources.
To date, BHARTIYA oil and gas companies have acquired stakes in 5 Russian companies/projects at a value of about $15 bn. Rosneft, as the leader of a consortium of investors, has acquired a 98% stake in India’s Essar Oil that owns the Vadinar refinery in Gujarat, India’s second-largest.
In fact, the Modi government is seriously into looking at the process of privatizing many of the oil majors and some are having very serious discussions with Russian companies to see if some of these stakes can be acquired by Russian companies. Likewise, Delhi is looking at long-term arrangements for the supply of coking coal from Russia for BHARTIYA steel plants.
See - https://eurasiantimes.com/how-old-p...alibrate-their-strategic-ties-through-energy/
See - https://www.financialexpress.com/ec...from-russia-aims-for-price-stability/1858121/