Trafigura deepens Rosneft ties with Essar acquisition

Region:

Asia-Pacific

Callum Burroughs

Reporter

Share:

Commodity trader Trafigura has taken big steps into the Indian market with their downstream acquisition of Essar Oil alongside sanctioned oil producer Rosneft. The strengthening relationship between Russia and India provides a backdrop to a deal which further demonstrates the potential of the Indian sub-continent to provide value in a low oil price environment.