Reliance Industries und Rosneft unterzeichnen bislang größtes Öllieferabkommen zwischen Indien und Russland: Berichte

Submission Statement

Reliance Industries has reportedly signed the largest-ever India-Russia oil supply deal with Russian state-owned Rosneft, securing 500,000 barrels of crude oil daily for the next decade, valued at $13 billion annually. This agreement, accounting for 0.5% of global oil supply, highlights India’s continued energy ties with Russia despite Western sanctions over the Ukraine conflict, with Russian oil comprising over a third of India’s imports. While Rosneft declined to comment and Reliance confirmed its collaboration with international suppliers without elaborating, the deal underscores India’s focus on affordable energy and has significant implications for global oil markets and Reliance’s stock performance.