Oil Wars: How Rosneft-Essar $13b deal was nearly sunk by Saudi Aramco bid

Oil Wars: How Rosneft-Essar $13b deal was nearly sunk by Saudi Aramco bid

Oil tanks seen at the Saudi Arabia Shaybah oilfield complex in the Rub' al-Khali desert November 14, 2007. REUTERS/ Ali Jarekji

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

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