At a time when it is getting tougher to get rights to oil blocks overseas, India has managed to secure a commitment for a 23 per cent stake in Russia's Sakhalin III project located in the Russian far east.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>The value of the stake is not immediately known but ONGC Videsh Ltd (OVL) 

India bags stake in Russia`s Sakhalin III

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