Consortium of Russian oil giant, Trafigura and UCP closing in on $12.9 billion acquisition deal.
UPSTREAMONLINE.COM

REUTERS 

A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters. Acquiring the refiner will give state-owned Rosneft access to India, one of the world's fastest-growing energy markets. The deal was announced to fanfare in October but has still not closed...Read more>