Russia’s Rosneft CEO says takeover of India’s Essar is closed

June 22, 2017

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he takeover of India’s Essar Oil by Russia’s largest oil producer Rosneft can be now considered as closed, Rosneft CEO Igor Sechin told a shareholders’ meeting on Thursday.

The deal, where Rosneft will hold a 49% stake, will allow the Russian company to increase oil refining output by 20% this year, he said.

Category: General