RIL shares in focus on $12 billion oil deal with Russia's Rosneft

Reliance Industries secured a massive deal with Rosneft. The deal involves importing Russian crude oil. The agreement spans 10 years. Reliance will receive up to 500,000 barrels of oil daily. This equates to 25 million tonnes annually. The deal is estimated at $12-13 billion. India's Russian oil imports have significantly increased. Reliance's Jamnagar refineries will process the crude.