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    The $16 billion Gamble

    by Prosenjit Datta Nov 26, 2018 2 minutes

    Sixteen billion US dollars is a lot of money to pay to take control of an Indian company. It is $4 billion more than what Rosneft and its partners paid a year ago to buy Essar Oil with its 20 million tonne refinery in Vadinar, captive power plants, a port and a network of 3,500 petrol pumps. Essar Oil

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