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Quote: Russian oil giant, Rosneft, announced Monday that it finalized the purchase of 49% of Essar Oil Limited, an Indian refinery. Another 49% was purchased separately by a joint effort by commodities trading firm, Trafigura, and by United Capital Partners, a Russian based private investment firm. This new purchase gives Russian oil a foothold in the desirable Indian market, and speaks to larger transformations in the global oil market.
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Also Russia Buys Into Indian Energy: 5 Things To Know
Quote:
Russian oil giant, Rosneft, announced Monday that it finalized the purchase of 49% of Essar Oil Limited, an Indian refinery. Another 49% was purchased separately by a joint effort by commodities trading firm, Trafigura, and by United Capital Partners, a Russian based private investment firm. This new purchase gives Russian oil a foothold in the desirable Indian market, and speaks to larger transformations in the global oil market.
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