“Rosneft” says that Russia is ready to meet India’s oil needs at the “market price”. – #Rosneft #Russia #ready #meet #Indias #oil #market #price
BENGALURU, India, Feb 6 (Reuters) – Russia It was ready to meet India’s oil needs at “market prices”, the CEO of Russia’s biggest oil company told Reuters on Monday.
Last December, the Group of Seven, European Union and 60 per barrel of Australian crude oil prices dollars level, which aims to reduce Moscow’s ability to finance the war in Ukraine and maintain stability in the global oil market.
Russia Iraq substitute emerging as the largest supplier of oil to India.
When asked whether Russia will give ONGC Videsh or other Indian companies an additional stake in the Sakhalin-1 project, Rosneft CEO Igor Sechin said the decision would not be made. Russia said that it belongs to the government.
Russia last year bought oil and natural gas Corp’s ( ONGC.NS ) overseas investment arm ONGC Videsh and Sakhalin Oil and Gas Development Co (SODECO), a consortium of Japanese firms. 20approved the requirements to keep . % and 30% share respectively in the project.
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Reporting by Nidhi Varma in Bengaluru, written by Shilpa Jamkhandikar; Edited by Kim Coghill and Louise Heavens
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2023-02-06 12:54:34
Source – reuters
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