Reliance Industries inks one-year deal with Russia's Rosneft for oil purchase in roubles: Report
Mumbai: Mukesh Ambani-led Reliance Industries, which operates the world's largest refining plant, has signed a one-year agreement with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles, Reuters reported.
Govt asks PSU refiners, RIL to collaborate on negotiating oil-deal with Russia: Report
New Delhi: The government has asked its state-run oil refiners and private company Reliance Industries Ltd. to collaborate on negotiating a long-term supply agreement with Russia, Bloomberg reported.
India's imports from Russia soar 67% to $30.42 billion in April-Sept
New Delhi: India's imports from Russia in the April-September period of this fiscal year surged by approximately 67 percent to USD 30.42 billion.
Russia replaces Iraq as the largest oil supplier to India in Nov: Report
New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.
India can purchase as much Russian oil it wants, above price cap: US Treasury secy Janet Yellen
New Delhi/IBNS: The US is happy for India to continue buying as much Russian oil as it wants, till it steers clear of Western Insurance, finance and maritime services, bound by the cap, US Treasury Secretary Janet Yellen said Friday as per a Reuters report.
Russian oil: India to examine West's price cap proposal, says report
India has said it would examine the proposal by the United States and the European Union (EU) to put a price cap on Russian oil, Reuters reported.
Russia's fossil fuel export revenue tops its Ukraine war cost
Russia's earnings from oil gas and coal exports in the last six months have covered its expenditure on the Ukraine invasion, according to an analysis from Helsinki-based nonprofit think tank Centre for Research on Energy and Clean Air, reported ET.
Russia to accept rubles and yuan from China for gas imports
Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, AFP reported.
Hit by global sanctions, Russia offers deep discounts to India on oil purchases: Report
New Delhi: Russia is offering India deep discounts on the direct sale of oil as most of its importers have backed out amid sweeping Western sanctions, including its exclusion from the cross-border payment system SWIFT, following the invasion of Ukraine, Bloomberg reported citing sources.
India has no plans to buy Russian oil in rupees: Report
New Delhi: India does not plan to buy oil from Russia or any other country with Indian rupees, Minister of State Ministry of Petroleum and Natural Gas Rameswar Teli told parliament on Monday, amid scores of sanctions imposed by Western nations on Russia over its invasion of Ukraine, media reports said.