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Watch Russia’s Rosneft to see the new direction of global petropolitics

The Economist LogoThe Economist2 mo ago

Watch Russia’s Rosneft to see the new direction of global petropolitics - The Economist

Quick Summary:

Indian refiners processed heavy crudes that Rosneft once brokered from sanctions-hit Venezuela, a staunch Russian ally in America’s backyard.

Rosneft used its part ownership of Nayara Energy, an Indian refiner, to gain a toehold in one of the world’s fastest growing consumer markets.

In February, during Mr Putin’s pre-war meeting with Xi Jinping, China’s president, Rosneft signed another oil deal to supply crude to cnpc worth a whopping $80bn over ten years.

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Article Details

Category: EconomyFinance

Topics: Rosneft Energy industry Oil Business enterprise Records and achievements China Petroleum Oil and gas - upstream activities Embargo United States Energy and resource Axis Heavy crude oil Russia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-14, 10:15:24

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 7 minutes read

Article Length: 1089 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 54111

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About The Economist

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Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 16h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #36

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