Russia’s Rosneft and Indian Oil sign 2022 crude supply deal
Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC NSE 1.53 %) with up to 2 million tonnes of crude next year, the Russian oil producer said in a press release on its website.
“The new oil supply deal confirms the strategic nature of long-term partnership between Rosneft and Indian Oil”, head of Rosneft Igor Sechin said in a statement.
The deal was signed on Monday among a number of other agreements made during the visit of Russian President Vladimir Putin to India.
Rosneft will supply up to 2 million tonnes of Russian oil loading from the Black Sea port of Novorossiisk.
