RE:RF SIGNS 10 YEAR DEAL To SUPPLY 500K Bbls/d Of Oil To INDIA- MOSTLY MEDIUM SOUR Urals crude oil blend
- PRICE is INDEXED to DUBAI prices
- AVERAGE USD 3 to 4 per barrel DISCOUNT to world prices
- PRICE & VOLUME will be ADJUSTED YEARLY to REFLECT MARKET DYNAMICS
- this DEAL ALONE ACCOUNTS for ~ 1/2 of Russian SEABORNE EXPORTS
- SHIPPED to the WORLD'S LARGEST refinery in Gujarat INDIA
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