Essar Oil completes $13 billion deal with Rosneft, Trafigura
Russia's largest oil producer Rosneft on Monday said it has successfully closed the nearly $13 billion Essar Oil acquisition deal. Rosneft will get a 49.13% stake in Essar Oil and Trafigura-UCP consortium will get another 49.13% stake. The Essar Oil-Rosneft deal is the largest foreign direct investment into the country till date and also the largest outbound investment from Russia. 