Interfax: Indian Consortium to Pay $2.1B for Stake in Rosneft's Vankor

Interfax: Indian Consortium to Pay $2.1B for Stake in Rosneft's Vankor
A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying.

Reuters

MOSCOW, June 17 (Reuters) - A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying on Friday.

The deal, signed by Rosneft with Indian Oil Corporation, Bharat Petroleum Corporation's unit Bharat Petro Resources Ltd, and Oil India Ltd on Friday, is worth $2.1 billion, Interfax quoted one of the sources close to the deal as saying.

A preliminary pact was signed by the companies in March but financial details were not disclosed.

(Reporting by Maria Kiselyova; Writing by Lidia Kelly; Editing by Jack Stubbs)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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