Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

Rosneft and Reliance inked a massive oil supply deal. Rosneft will provide almost 500,000 barrels daily to Reliance. This deal strengthens India-Russia energy ties. The agreement involves various Russian crude grades and fuel oil. Supplies begin in January and continue for at least ten years. This deal impacts global oil markets and competition among producers.

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