Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to India’s Reliance Industries in the biggest oil supply deal between the two countries

Billionaire Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of $3 billion. If this materialises, it could be the largest offshore loan from India in over a year.

It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine. Rosneft did not reply to requests for comments. Reliance said it works with international suppliers, including from ...

Russia’s Rosneft has agreed to sell nearly 500,000 barrels per day of oil to Indian private refiner Reliance in the biggest-ever energy deal between the two countries, Reuters reported on Thursday. The report claimed that the deal will be for 10 years to supply roughly 0.

The Russian state oil company Rosneft and the Indian private oil refining giant Reliance Industries have signed a record-breaking deal to supply 500,000 barrels of oil daily for the next 10 years, Reuters reports.

Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a deal to import crude oil worth USD 12-13 billion a year from Russia's Rosneft for 10 years, sources said. Russian state oil firm Rosneft will supply up to 500,