IOC Signs an Annual Agreement on Rosneft’s to Buy Crude

Indian Oil Corphas signed a deal with Russia’s Rosneft for the annual purchase of 2 million metric tonnes of crude oil. This is the first ever annual oil purchase deal between the two countries. This is yet another important milestone in our efforts to diversify sourcing of crude oil and in enhancing India’s energy security.

Daily Current Affairs Quiz 2020

This is yet another important milestone in our efforts to diversify sourcing of crude oil and in enhancing India’s energy security. Russia also explored opportunities for involvement of Indian companies in infrastructure development projects in the Siberian and Arctic regions.