Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldIndia and Russia sign...
December 12, 2024

India and Russia sign their largest oil agreement in history – Reuters

By David
Facebook
Twitter
Pinterest
WhatsApp


    India and Russia signed their largest oil supply agreement in history.

    .

    Russian state oil company Rosneft has agreed to supply nearly 500,000 barrels of crude oil per day to Indian private refiner Reliance. This is the largest oil supply agreement between these countries in history. This was reported by Reuters, citing sources.

    It is noted that this oil agreement covers 0.5% of global supplies. The transaction value is almost $13 billion. per year. The aggressor country will begin sending oil to India as early as January 2025, and deliveries will last 10 years. After this, the deal could be extended for another decade.

    Rosneft is expected to deliver crude oil in approximately 20-21 Aframax oil tankers every month.

    All Russian petroleum products will be sent to Reliance’s Jamnagar refinery complex in the western state of Gujarat.

    Reuters writes that from January to October, India imported an average of 405 thousand barrels of Russian oil per day.

    Let us recall that Bloomberg reported that India has become the second largest supplier of critical technologies to Russia after China in conditions where restrictions have been introduced against it. In April-May, exports of sanctioned goods, such as microcircuits and machine tools, from India to the Russian Federation exceeded $60 million.

    Source: Reuters

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Over Ukraine, the second night is a strange brightness – social networks

    Germany and Belgium opposed the confiscation of the possessions of the Russian Federation

    The embassy turned to Ukrainians in Poland because of Veto Navrotsky

    Explosions and fire occurred in Rostov

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    A Romanian court rejected the appeal against the cancellation of the first round of elections
    Next article
    In Crimea, more than 6 thousand people were left without electricity

    More from Author

    World

    Over Ukraine, the second night is a strange brightness – social networks

    David -
    World

    Germany and Belgium opposed the confiscation of the possessions of the Russian Federation

    David -
    World

    The embassy turned to Ukrainians in Poland because of Veto Navrotsky

    David -
    World

    Explosions and fire occurred in Rostov

    David -

    - A word from our sponsors -

    Read Now

    Over Ukraine, the second night is a strange brightness – social networks

    Germany and Belgium opposed the confiscation of the possessions of the Russian Federation

    The embassy turned to Ukrainians in Poland because of Veto Navrotsky

    Explosions and fire occurred in Rostov

    Fights in the region of Dnipropetrovsk. The new job has been rejected

    Multiple Citizenship in Ukraine: The first five countries are named

    Vitkoff made a statement about the war in Ukraine

    The “Wounded Way” and the stupidity of crime will appear in “Action” – Fedorov

    The first deputy prime minister of the minister of digital transformation of Ukraine, Mikhail Fedorov, announced the emergence of new services in the "actions", which will soon change the life of every Ukrainian. " .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22...

    Scientists have discovered a new way of converting sunshine to fuel

    Turkey’s Transport Minister is charged after the video he has published

    Zelensky name of the country, in the links to which the first

    Germany, Poland, the Czech Republic, the USA and Canada will be the first countries to apply the rules of the recently adopted law on numerous citizenship. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation;...

    Zelensky announces new contacts with allies

    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times