Russia's Rosneft to supply oil to Essar's refineries.

Russia's Rosneft recently signed an oil and oil products supply deal with Essar Oil refineries in India. The deal is to supply 10 million tonnes (mt) crude oil per annum for a period of 10 years. Supplies might begin in 2015.

While Essar Oil will secure long-term supply of crude oil, raw material security and products to its refineries, the arrangement will allow Rosneft to expand its distribution area and build deliveries to the region. Head of Rosneft head Igor Sechin and Essar founder Shashi Ruia signed documents recently in New Delhi in this regard.

Rosneft is the world's largest public oil and gas company by liquid hydrocarbon production and reserves.


BS