• Wednesday, April 24, 2024

Business

Russian oil giant Rosneft plans bid to tap Indian retail fuel market

Rosneft oil is investing heavily in India

By: Sarwar Alam

India union petroleum minister Dharmendra Pradhan today (18) said Russian oil giant Rosneft planned to tap the retail fuel market in India in a big way. “Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a bigway to tap retail fuel market in India,” he told reporters after inaugurating City Gas Distribution (CGD) Project to supply eco-friendly natural gas to households, industries and transport sector, here.’ Three days back, Reliance Industries and its partner BP plc had announced investment of $6 billion in developing new gas fields in the KG-D6 block after an eight-year hiatus.…

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