India has made a rare request to its state-run oil refiners and private processor Reliance to jointly negotiate a long-term supply deal with Russia. The government has asked refiners to book one-third of their supply at a fixed discount. This move comes as India continues to be a major buyer of Russian crude since the onset of the war. However, Reliance is unlikely to join the deal due to domestic competition concerns.
🛢️ India seeks long-term crude oil supply deal with Russia 🤝 Refiners asked to book 1/3 supply at fixed discount 💰 Reliance unlikely to join due to domestic competition https://t.co/FmSl7EMg7J
#LeadStoryOnET | #India's rare request for #Reliance and state refiners on #RussianOil https://t.co/DAOGzF95Ta
#India Makes Rare Request for Refiners to Join on #Russia Oil Deal State processors asked to work with Reliance on supply talks Asian country has been major buyer of Russian crude since war #oott https://t.co/NDRIztpsLP
India has made a rare request to its state-run oil refiners and private processor Reliance to jointly negotiate a long-term supply deal with Russia, sources say https://t.co/onBoiG3Xfs
#Reliance seeks access to #ATF pipelines, storages of #PSU oil firms https://t.co/Txgs13e5sk