NEW DELHI/MOSCOW:
The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine.
Rosneft did not reply to requests for comments. Reliance said it works with international suppliers, including from Russia, and deals are based on market conditions. The company declined further comment on commercial matters, citing the confidentiality of supply agreements.
The deal comes ahead of the planned visit by Russian President Vladimir Putin to India and after US President-elect Donald Trump said he wants to push Moscow and Kyiv to stop the war as soon as he takes office in January.
This story is from the December 13, 2024 edition of Hindustan Times Haryana.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 13, 2024 edition of Hindustan Times Haryana.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Not done yet, lot of cricket left in me, says Ashwin
The game gave me so much to a point where it allowed me to be creative and explore the best inside me R ASHWIN, ex-India spinner
Fit-again Renuka Thakur back to spearheading India's pace attack
Renuka Thakur knew that to achieve the breakthrough performance she was aiming for, a conversation with the legendary Jhulan Goswami was necessary.
Ex-India batter Kambli stable in hospital
ON SATURDAY, KAMBLI WAS ADMITTED IN AAKRUTI HOSPITAL IN THANE BY HIS WELL-WISHER SAILESH THAKUR, WHO IS THE DIRECTOR OF THE HOSPITAL
Khel Ratna list not finalised, says ministry on Manu 'snub'
Ministry says shooter did not apply for the award, even as family asks why the process must be so stringent given her Paris feat
Record chase in women's 50-over game
ruled out of Australia series
GMR SPORTS TO LAUNCH RUGBY 7S FRANCHISE-BASED LEAGUE NEXT YEAR
GMR Sport announced the launch of a franchise-based Rugby 7s league in a 10-year strategic partnership with Rugby India, the national governing body for the game.
India wait for Shubman to sort out scoring issues in away Tests
The No.3 batter has a range of shots, but hasn't shown patience early on and has struggled on this tour of Australia
Good bowlers are excited to come to MCG, says curator
The weather in Melbourne has already dropped from a high of 37°C a day after the team landed here to a max of 18°C on Monday.
Sales ratio shows growing e-mobility ecosystem in 2024
The number of fossil fuel-based vehicles sold for every electric vehicle (EV) in the two-wheeler and light motor vehicle categories has fallen in 2024, compared with last year, a positive indicator for the EV ecosystem in the country.
Honda, Nissan to fuse into automobile giant
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.
