Russia’s largest oil producer Rosneft ROSN.MM and India’s top refiner Indian Oil Corp IOC.NS have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.
The deal was signed during a working trip to India by Rosneft CEO Igor Sechin, the company said.
Source: Reuters (Reporting by Olesya Astakhova; Writing by Vladimir Soldatkin; Editing by Jan Harvey)