Stake acquisition in Rosneft assets by Indian firms gets Cabinet green light

Stake acquisition in Rosneft assets by Indian firms gets Cabinet green light

A logo of Russian state oil firm Rosneft is seen at its office in Moscow October 18, 2012. REUTERS/Maxim Shemetov/Files

India is building its defences against possible oil shocks in the future by acquiring promising hydrocarbon assets abroad, especially in countries with which New Delhi shares good diplomatic relations.

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