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Rosneft enters India with US$13b Essar deal

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

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.


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...