MOSCOW (Reuters) - 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 $2 billion.
He was speaking to the Rossiya-24 TV channel on Tuesday.
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.
(Reporting by Vladimir Soldatkin; Editing by Susan Fenton)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
