Indian Refiners Skip Russia's Rosneft Crude Tenders On "Biased" Terms: Report
NDTV
India's state refiners did not submit bids in tenders issued by Russia's top oil producer Rosneft as the terms were "one-sided", two sources familiar with the matter said on Thursday.
India's state refiners did not submit bids in tenders issued by Russia's top oil producer Rosneft as the terms were "one-sided", two sources familiar with the matter said on Thursday.
Rosneft on Wednesday issued tenders to sell a total of 6.5 million tonnes of Urals, Siberian Light, Sokol and ESPO Blend crude for loading in May-June and had asked for roubles and full prepayments, sources told Reuters.
The terms echoed demands from Russian President Vladimir Putin for roubles-only trade in natural gas.
One of the sources said the terms of the tenders, which closed on Thursday, were "very biased" towards the seller.
