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Rosneft in early talks with RIL to sell stake in India unit
Mint Chennai
|June 30, 2025
Russian oil giant PJSC Rosneft Oil Co. is in early talks with Reliance Industries Ltd (RIL) for sale of its 49.13% stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, people said.
Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corp. (IOC) to become India's top oil refiner as well as give a meaningful presence in the fuel marketing space.
This story is from the June 30, 2025 edition of Mint Chennai.
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