HomeNewsBusinessCompanies'Sells Vankor stake to Indian consortium for more than $2 bn'

'Sells Vankor stake to Indian consortium for more than $2 bn'

In March, Indian Oil Corporation, Bharat Petro Resources Ltd, the exploration arm of Bharat Petroleum Corporation Ltd, and Oil India Ltd signed a an agreement to buy a 23.9 percent stake in Vankorneft, a Rosneft subsidiary which is developing the Vankor field in eastern Siberia.

June 22, 2016 / 11:32 IST
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Igor Sechin, the head of Russia's top oil producer Rosneft, said the company has sold a more than 20 percent stake in Vankorneft to an Indian consortium for more than USD 2 billion.

He was speaking to the Rossiya-24 TV channel on Tuesday.

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In March, Indian Oil Corporation, Bharat Petro Resources, the exploration arm of Bharat Petroleum Corporation, and Oil India signed a an agreement to buy a 23.9 percent stake in Vankorneft, a Rosneft subsidiary which is developing the Vankor field in eastern Siberia.

first published: Jun 22, 2016 11:19 am

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