OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
MOSCOW, November 1. /TASS/. Acquisition of a stake in India’s Essar Oil by Russian oil major Rosneft is strategic by nature, Chief Financial Officer of UK's BP Brian Gilvary said on Tuesday.
"It's deeply strategic, it's good," Gilvary said responding to a question about the deal.
It was reported earlier Rosneft will buy 49% in Essar Oil Limited. Procedures required to complete the deal, including approvals by antimonopoly authorities, are expected to be completed by the end of the year. Essar Oil owns the second largest private refinery in India, based in Vadinar.
BP holds the stake of 19.75% in Rosneft.