{"id":336217,"date":"2020-02-06T10:22:14","date_gmt":"2020-02-06T04:52:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336217"},"modified":"2020-02-06T10:59:48","modified_gmt":"2020-02-06T05:29:48","slug":"ioc-signs-first-term-contract-for-russian-crude-rosneft-may-bid-for-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-signs-first-term-contract-for-russian-crude-rosneft-may-bid-for-bpcl\/","title":{"rendered":"IOC signs first term contract for Russian crude; Rosneft may bid for BPCL"},"content":{"rendered":"<p>After establishing a foothold in the Indian petroleum market by buying out Essar Oil in 2017, Russian state-owned firm Rosneft today signed an agreement with Indian Oil Corporation for exporting 2 million tonne of Urals-grade crude oil to India this year. <\/p>\n<p>Rosneft is also expected to bid for Indian government-owned Bharat Petroleum Corporation Ltd (BPCL) though it already holds 49 per cent in Nayara Energy, the erstwhile Essar Oil. Nayara owns a 20-million-tonne refinery at Vadiar, Gujarat and has a network of 5,600 petroleum retail outlets across India. <\/p>\n<p>The crude purchase agreement with IndianOil was signed during a meeting between Union Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan and Rosneft chairman and CEO Igor Sechin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After establishing a foothold in the Indian petroleum market by buying out Essar Oil in 2017, Russian state-owned firm Rosneft today signed an agreement with Indian Oil Corporation for exporting 2 million tonne of Urals-grade crude oil to India this year. Rosneft is also expected to bid for Indian government-owned Bharat Petroleum Corporation Ltd (BPCL) though it already holds 49 per cent in Nayara Energy, the erstwhile Essar Oil. Nayara owns a 20-million-tonne refinery at Vadiar, Gujarat and has a network of 5,600 petroleum retail outlets across India. The crude purchase agreement with IndianOil was signed during a meeting between [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-336217","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336217"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336217\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}