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India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

Topics
ONGC oil assets | Russia | ONGC

Twesh Mishra  |  New Delhi 



oil, gas, drill, petrol, crude
Oil major Rosneft, controlled by the Russian govt, said in February that it had held talks with India and China for an investment in the Vostok Oil project -- considered one of the largest oil projects in Russia

India is in talks with for a fresh investment of at least $2-3 billion in its upstream assets. According to officials in the know, the Russian government has offered some fields to Videsh (OVL) and any consortium they stitch together.

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First Published: Thu, July 22 2021. 00:57 IST

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