Sunday, 23 July 2017

Oil wars: how Kremlin's $13 billion Indian deal almost fell apart

LONDON/NEW DELHI/MOSCOW: A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

The deal between Essar and a consortium led by Kremlin oil giant Rosneft appeared dead

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