Interfax: Indian Consortium to Pay $2.1B for Stake in Rosneft's Vankor
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)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil (Nov 20)
- Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
- Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis (Oct 18)