Talks on boosting imports are reportedly underway India is negotiating with Russian state oil major Rosneft to increase oil supply to the country, Bloomberg reported on Monday citing sources. According to the article, Indian state oil companies and Rosneft are “collectively working on finalizing and securing new six-month supply contracts for Russian crude to India.” The companies include refiners Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum, as well as private processors Reliance Industries and Nayara Energy. They have not confirmed the report. Sources claim that the details on volumes and prices of
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