Russia does not appear to be backing down from its oil and gas commitments, with speculation over new partnerships with India, as well as plans to up its crude output from January, its fossil fuel industry is going from strength to strength. Russia and India signed several energy cooperation agreements last week, as Russia plans to send just under 15 million barrels of oil from Russian producer Rosneft to India throughout 2022.
India, the world’s third-largest crude consumer, currently imports around 85 percent of its oil needs, mainly…Almost All Of Russia’s Oil Could Become “Hard-To-Recover” In The Coming Years
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