Rosneft, the Russian state oil company, has entered into an agreement with Reliance, an Indian private refiner, to supply close to 500,000 barrels per day (bpd) of crude oil, reported Reuters.

Rosneft and Reliance inked a massive oil supply deal. Rosneft will provide almost 500,000 barrels daily to Reliance. This deal strengthens India-Russia energy ties. The agreement involves various ...