Posted inChina, India, Middle East, Russia, South Asia, Syria, World

How $13b Indo-Russian oil deal had to be saved from collapse

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly jettisoned at the 11th 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 in the water two months ago […]

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