Beginning from January, Opec is set to go for an output cut of 1.2 million barrels per day
ONGC's stake in the project reached 26% following the deal, Rosneft said in a statement
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday
A consortium of IOC, OIL and BPRL will acquire stakes in two Russian oilfields
Russia is looking at selling 19.5% of state oil champion Rosneft OJSC, preferably to India and China
A preliminary pact was signed by the companies in March but financial details were not disclosed
The deal was initially signed in September 2015
In a deal worth $1.3 billion, Indian consortium buys 29.9% stake in Taas-Yuryakh oilfield in East Siberia
Through this deal, Rosneft will gain access to Essar-operated Vadinar refinery, the second-largest oil refinery in India, with a capacity of 20 MT per annum
ONGC will increase its stake in the project to 26% while Oil India, IOC and BPRL will buy up to 23.9% between them in the same field