NEW DELHI: ONGCBSE 0.55 % Videsh, the overseas arm of India’s biggest explorer, will acquire a 15% stake in the Vankor oil field of Russian state firm Rosneft for about $1.35 billion (Rs 8,910 crore). The two companies have signed definitive agreements for the stake purchase in Rosneft’s subsidiary Vankorneft that owns Vankor Field and NorthVankor licence, ONGC Videsh said in a statement. The deal is pending regulatory approval and expected to close by the middle of 2016. Th ..
Source: Economic TimesONGC buys 15% stake in Russia’s Vankor oil field for $1.35 billion
Industry: Oil 2015-11-27
