State-owned Indian Oil Corporation (IOC) and Russian oil major Rosneft signed a contract for supply of Urals grade crude oil to India in 2020. According to the contract up to 2 million tonnes of oil will be supplied to India via the port of Novorossiysk. The deal was signed in the presence of Indian Petroleum Minister Dharmendra Pradhan and Rosneft CEO and Chairman Igor Sechin.
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