State-controlled energy giant Rosneft Oil in recent weeks wrapped up one of its largest tenders in years, people familiar with the sale said. and India, that have amassed control of hundreds of old tankers used to move Russian oil. The joint venture traded Russian oil and invested in a major Russian development project known as Vostok Oil. It divested from Amur Trading and Amur Investments in Switzerland and has no stakes in the U. Nord Axis hasn’t entered into any new contracts for Russian oil because of logistical complications and rising competition in the market, he said.

Source: Wall Street Journal July 29, 2023 08:51 UTC