Conjecture about a Rosneft-Essar deal shows how the oil market dynamics have shifted in the past few years. Just as supply security is important to oil buyers, demand security is crucial for oil suppliers. Buying refining and marketing assets in big markets like India is the route to demand security for Russia, whose economy depends on petroleum exports.
Rosneft-Essar Deal
Amit Bhandari, Energy and Environmental Studies Fellow- Gateway House, has written an article analysing the trend of Russian oil companies investing in India. This article has been republished by Eurasia Review