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Rosneft enters India with US$13b Essar deal

Acquisition is "an important strategic victory" for Russia, says Eurasia Group analyst

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Essar Oil's Vadinar refinery in western India is one of the country's largest refineries and one of the world's most modern, with access to a port navigable by the largest vessels.

Moscow

IN a spectacularly costly gamble aimed at boosting Russia's strategic position, state-controlled giant Rosneft is investing in India's Essar Oil to muscle into a promising market with outlets throughout Asia.

Russian President Vladimir Putin returned from last week's BRICS