Brief by Shorts91 Newsdesk / 05:30pm on 16 Oct 2026,Friday India Global
India has been named the first official partner country of Russian Energy Week, scheduled for October 14–16 in Moscow, as Russia seeks greater Indian investment in its oil and gas sector. The Federation of Indian Petroleum Industry will showcase ongoing and planned bilateral projects. Russian Deputy Prime Minister Alexander Novak highlighted cooperation in energy assets and distribution networks. Indian companies have invested billions in Russian projects, including Sakhalin-1 and Rosneft’s Vankor cluster. India imported a record 2.8 million barrels per day of Russian crude in July 2026, accounting for approximately 55.5% of its total crude imports. Both countries are exploring expanded gas supplies, LPG purchases and new hydrocarbon facilities. (PC: The Hindu)
