Russian oil and gas company Rosneft and Indian oil company Indian Oil Company signed an agreement to increase the volume of oil supplies to India and diversify their quality. Press service of the Russian enterprise published on your site
“During the trip, Rosneft and Indian Oil Company signed an agreement on a significant increase in oil supplies to India and diversification of oil varieties,” the message said.
The document is signed by Igor Sechin, Chief Executive Officer of Rosneft in India, and Indian Oil Corporation Ltd. Signed by the President. Srikant Madhav Vaidya.
This week, Deputy Prime Minister Alexander Novak declaration About 22 times increase in Russia’s oil exports to India in 2022. On March 15, the Ministry of Finance of Russia reported that the average price of Russian export oil Urals for the period from February 15 to March 14, 2023 is $ 50.8 per barrel.
enters into force on 5 December entry An agreement between the European Union, the G7 countries (England, Germany, Italy, Canada, France, Japan and the USA) and Australia on the ceiling price of Russian oil of $60 per barrel. from February 5 acquired US$100 per barrel price cap for Russian petroleum products sold at a higher price than crude oil (e.g. diesel and kerosene). For discount traders (for example, for naphtha and fuel oil), the ceiling was $45.