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Last Updated : Jun 01, 2016 10:13 AM IST | Source: Reuters

Completed deal to sell 15 % in Vankor oilfield to ONGC: Rosneft

Vankor, launched in 2009, produces around 440,000 barrels of oil per day. The field is a source of Russian oil supply to China.

 
 
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Russia's largest oil producer Rosneft said on Tuesday it has completed the deal to sell a 15 percent stake in Vankor oilfield in East Siberia to ONGC for USD1.27 billion.


The deal was initially signed in September 2015.


Vankor, launched in 2009, produces around 440,000 barrels of oil per day. The field is a source of Russian oil supply to China.

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In March, ONGC also signed an initial deal to raise its stake in Vankor to 26 percent from 15 percent.




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First Published on Jun 1, 2016 08:12 am
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