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Mukesh Ambani NEW DELHI: Mukesh Ambani 's Reliance Industries Ltd has signed a deal to import crude oil worth $12-13 billion a year from Russia's Rosneft for 10 years, sources said. Russian state oil firm Rosneft will supply up to 500,000 barrels per day (25 million tonne a year) of crude oil to Reliance, they said. Reached for comments, a Reliance spokesperson said Russia is currently the largest supplier of crude oil to India. "We are always engaged with a number of international suppliers, including from Russia, for sourcing feedstock for our refinery. As per practice, such supply contracts are done for the following year. The number of cargoes will vary depending on economics given the prevailing market conditions," the spokesperson said. The deal comes ahead of President Vladimir Putin's planned visit to India. PTI & Reuters Reliance-Rosneft deal has 10-year extension option Under the deal, Rosneft would deliver 20-21 Aframax-sized cargoes (80,000 to 100,000 metric tons) of various Russian crude grades and three cargoes of about 100,000 tons each of fuel oil each month, the three sources said. The new deal accounts for roughly a half of Rosneft's seaborne oil exports from Russian ports, which leaves not much supply available for other traders and middlemen, one source said. From Jan to Oct, Reliance imported an average 405,000 barrels per day of Russian oil, up from 388,500 bpd in the same period last year, according to tanker data obtained from sources. The new deal between Rosneft and Reliance was discussed and approved during Rosneft's board meeting in Nov, two of the sources said. Supplies will start from Jan and are set to continue for 10 years with an option to extend the deal for another 10 years, the three sources said. The pricing of the grades to be supplied on delivered basis is set at differentials to the average Dubai price of the loading month, according to the sources. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!The absence of these key players raises concerns about the team's depth and ability to cope with potential injuries and suspensions in the future. It also highlights the importance of squad rotation and player fitness in a long and grueling season. Arsenal will need to quickly address the reasons behind the players' absences and ensure that they are back to full fitness and training as soon as possible.
Moreover, the synergy between consumer spending and investment has led to the emergence of new business models and industries. From fintech and e-commerce to renewable energy and healthcare, we are witnessing a wave of disruptive innovations that are reshaping the economic landscape. By fostering a comprehensive system that supports both consumer and investment activities, we are creating a fertile ground for these new industries to thrive and drive further growth.
Title: Nurturing a Comprehensive System to Fully Unleash Potential: The Positive Changes of Consumer and Investment Dual-Driving ForceSeal is served: How coastal First Nations are reclaiming their roots by bringing back the huntAsia stocks mostly down after Wall St losses
CGT leader Moyano resigns amid infighting over a general strikeEDMONTON - Joe Iginla scored a hat trick and the Edmonton Oil Kings thumped the Red Deer Rebels 8-2 on Sunday night in the Western Hockey League. Iginla, the 16-year-old son of Hockey Hall of Famer Jarome Iginla, buried his fifth, sixth and seventh goals of the season. The hat trick goal came at 18:19 of the third period. Roan Woodward added two goals and an assist while Gracyn Sawchyn had three helpers for Edmonton. Gavin Hodnett, Marshall Finnie and Kayden Stroeder also scored. Alex Worthington made 20 saves. Carson Birnie and Ollie Josephson replied for Red Deer. Chase Wutzke allowed seven goals on 33 shots and Peyton Shore stopped eight of nine. HITMEN 4 TIGERS 3 (OT) CALGARY — Ben Kindel scored twice, including the overtime winner, and the Calgary Hitmen edged the Medicine Hat Tigers. Ethan Moore and Maxim Muranov also scored for Medicine Hat. Anders Miller stopped 22 shots. Ryder Ritchie replied twice and Bryce Pickford also scored for Medicine Hat. Jordan Switzer made 36 saves. GIANTS 3 ROCKETS 1 LANGLEY, B.C. — Ty Halaburda scored twice, including a short-handed game-winning goal, and the Vancouver Giants beat the Kelowna Rockets. Jaden Lipinski also scored for Vancouver and Matthew Hutchison made 22 saves. Max Graham replied for Kelowna. Rhett Stoesser stopped 24 shots. This report by The Canadian Press was first published Dec. 29, 2024.One of the main points of contention during the meeting was the issue of security guarantees for Ukraine. President Zelensky pushed for stronger assurances from the United States and France to support Ukraine in its confrontation with Russia. However, the two Western powers hesitated to commit to firm security guarantees, citing diplomatic complexities and strategic considerations.
In the end, the match finished in a tense stalemate, with both teams walking away with a point apiece. It was a hard-fought battle that showcased the strength and resilience of both sides, as well as the quality of football on display.
BioNTech Stock In Focus After $791.5M Settlement With NIH: Retail CautiousPuerto Rico joins U.S. states that let driver’s licenses go in Apple Wallet
In response to the escalating complaints, Tencent Video has promised to review its membership policies and make improvements to enhance user experience. The company has pledged to increase transparency around content availability, streamline its customer service processes, and reduce the frequency of advertisements for paying members. Only time will tell if these measures will be sufficient to win back the trust and loyalty of disillusioned users.
AI’s Biggest Moments Of 2024: What We Learned This Year
"From The Forgotten" - A Chinese 5V5 Multiplayer Competitive Game Reveals Gameplay Demo! Closed Beta Testing to Commence on December 20thIn recent years, Tencent Video, one of China's leading online video platforms, has faced mounting criticism for the perceived shrinking of its membership rights. A recent report revealed that the number of complaints related to Tencent Video's membership services has reached a staggering one million over the past five years, reflecting a growing dissatisfaction among users.
All India Muslim Jamaat issues fatwa discouraging New Year celebrations
Arizona WR Tetairoa McMillan to enter 2025 NFL Draft
As Taiwan looks towards the future, the word "Greed" serves as a powerful symbol of the need to prioritize ethical values, social responsibility, and sustainable development. It challenges individuals and society to work together towards a more just and equitable future for all.In a small village nestled amidst towering mountains, an unusual challenge arose. The villagers needed to separate frozen pig heads with precision, and the only solution they devised was to use not one, but two sturdy off-road vehicles. This daring plan would require skill, coordination, and a touch of luck.
One of the key highlights of "From The Forgotten" is its focus on competitive gameplay. With a variety of game modes and objectives, players will need to hone their skills and teamwork to secure victory. Whether it's capturing objectives, outmaneuvering opponents, or executing coordinated team plays, the game offers a variety of challenges for players to conquer.