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ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nod

OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had in May this year completed acquisition of 15 percent stake in Vankor oil field for USD 1.28 billion.
ONGC Videsh eyes additional 11% stake in Vankor field

ONGC Videsh has acquired 15 percent stake in Vankorneft and is in the process of acquiring another 23.9 percent by consortium led by Oil India, IOC and BPRL, says the company's MD & CEO Narendra K Verma.
'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.

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Vankorneft

ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nod

ONGC Videsh eyes additional 11% stake in Vankor field

'Sells Vankor stake to Indian consortium for more than &#36;2 bn'

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