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Tensions rise as Iran may soon restart uranium enrichment, while Israel's Netanyahu deliberates response amid escalating regional conflict.

Rosneft in early talks with Reliance to sell stake in Nayara Energy - Report

Times of IndiaSunday, June 29, 2025 at 7:44:01 AM
Rosneft in early talks with Reliance to sell stake in Nayara Energy - Report
Russian oil giant Rosneft is in early talks with India's Reliance Industries to sell its nearly 50% stake in Nayara Energy, a major player in India's refining and fuel retail market. The deal could shake up the sector, but there's a big hurdle—Rosneft wants around $17 billion, and it's unclear if Reliance is willing to pay that much.
Editor’s Note: If this deal goes through, it could reshape India's oil industry by putting more control in the hands of Reliance, already a dominant force. But price negotiations will be tricky—Rosneft’s high valuation might slow things down. Given global energy shifts and India’s growing fuel demand, this could be a major move worth watching.
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