Profit

Indian Consortium To Pay $2.1 Billion For Stake In Rosneft's Vankor: Report

 Share
EMAIL
PRINT
COMMENTS
Indian Consortium To Pay $2.1 Billion For Stake In Rosneft's Vankor: Report
Moscow: A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying on Friday.

The deal, signed by Rosneft with Indian Oil Corporation, Bharat Petroleum Corporation's unit Bharat Petro Resources Ltd, and Oil India Ltd on Friday, is worth $2.1 billion, Interfax quoted one of the sources close to the deal as saying.

A preliminary pact was signed by the companies in March but financial details were not disclosed.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
© Thomson Reuters 2016

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top