New Delhi eyes oil supply deal with Moscow – media

The Indian government is looking for a long-term contract that would ensure a stable and favorable price for Russian oil

India is stepping up efforts to secure a long-term deal for crude oil purchases from Russia by the next fiscal year, which starts in April, Business Standard has reported citing sources in the petroleum ministry. A group of state-owned refiners has been involved in the discussions for months and will be urged to expedite talks, the sources told the newspaper.