(DD)
The meeting comes on the heels of PM Modi’s recent visit to Russian Far East in the first week of September. India has expressed interest in exploration of oil and natural resources in the Russian state. Indian interests includes investment and collaboration in Oil, coal, timber, diamonds and other natural resources.India is world’s third largest energy consumer nation and growing demand has pushed policymakers to look for new avenues to secure its energy supply in long terms.Rosenoft has significant share of collaboration with Indian oil PSUs like ONGC Videsh Limited.Rosneft, has also bought Essar oil in one of the largest buy out in the history of Indian petroleum industry.
