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Rosneft acquires majority stake in India's Essar Oil

Rosneft acquires majority stake in India's Essar Oil

Report summary

The sale of Essar Oil is a win-win for both Rosneft and Essar group. The sale proceeds will help Essar group meet its debt obligations and allow it to focus on its other core businesses. Rosneft and Trafigura will get a head-start in the Indian downstream sector where more foreign players are looking to enter. 

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