MOSCOW, March 29. /TASS/. Shares of Russia’s oil major Rosneft gained 1.17% during Wednesday trading on Moscow Exchange to 385.95 rubles per share, according to trading data as of 1:17 p.m. Moscow time, following the company’s report on its CEO Igor Sechin’s working trip to India.

As of 1:26 p.m. the company’s shares narrowed gains to 0.67% trading at 384.05 rubles per share.

Earlier, Rosneft announced a term agreement signed with Indian Oil to substantially increase supplies of oil to the country, as well as diversify its grades. The agreement was inked during Sechin’s working trip to India, during which he met with officials from the Indian government, as well as with heads of some of the country's largest oil and gas firms.

Moreover, Rosneft reported with reference to data provided by the Indian Ministry of Commerce and Industry that trade turnover between the two countries reached $38.4 bln in 2022, making Russia one of India’s top five trading partners for the first time ever.