Bloomberg | Russian Mega India Deal Takes Oil Battle to Mideast Backyard Bloomberg Rosneft PJSC is part of a group of investors that beat suitors from Saudi Arabia and Iran to buy Essar Oil Ltd.'s Vadinar refinery, India's second-biggest, in a deal announced over the weekend. Russia's largest oil producer is following a strategy by ... Rosneft to acquire Essar Oil to develop Indian market ICICI Bank shares surge 5% on Essar Oil mega deal Essar Oil-Rosneft deal: Why it is a lost opportunity for Indian companies |