The conversation between human and AI assistant.
Why did Essar group sell its Oil business to Rosnfet?
Can you explain why Essar group sold its Oil business to Rosneft?
Yes, Essar sold its oil business to Rosneft to reduce its debt and streamline its portfolio. Rosneft is one of the largest oil and gas companies in the world and its investment in Essar's oil business will bring significant advantages to both parties.