Home / Companies / News / Rosneft closes deal to sell a Vankor stake to ONGC for $930 million

Rosneft closes deal to sell a Vankor stake to ONGC for $930 million

ONGC's stake in the project reached 26% following the deal, Rosneft said in a statement

Igor Sechin (L), chief executive of Russia's top oil producer Rosneft, and Narendra Verma, managing director of ONGC Videsh Limited (OVL)
Igor Sechin (L), chief executive of Russia's top oil producer Rosneft, and Narendra Verma, managing director of ONGC Videsh Limited (OVL)
Reuters Moscow
Last Updated : Oct 28 2016 | 9:22 PM IST
LinkedIN IconFacebook Icon

Russia's oil giant Rosneft said on Friday it closed the deal to sell a 11% stake in the Vankor project to India's top oil explorer ONGC for $930 million.

ONGC's stake in the project reached 26%  following the deal, Rosneft said in a statement.

Connect with us on WhatsApp

More From This Section

Mistry asked Tata cos to stop work with Shapoorji group

Vedanta mulling steel foray, says it's exploring opportunities in India

Marico, Colgate see low volume growth

Glenmark aims for substantial debt reduction in FY17

First Published: Oct 28 2016 | 7:56 PM IST

Explore News

Next Story