Igor Sechin praised the level of the longstanding partnership between Rosneft and Indian companies. “Dear Mr Modi, your support for joint projects is vital to us, and with respect to this I would like to express our sincere gratitude for your personal contribution that helps develop an effective cooperation and build the energy bridge connecting our countries,” Sechin said in his speech.
Rosneft has been actively promoting the integrated format for cooperation with Indian partners along the whole processing chain, from extraction to refining and oil product sales.
Indian companies (ONGC Videsh, Oil India, Indian Oil Corporation, and Bharat PetroResources) have been owners of 49.9% of the subsidiary Vankorneft since 2016. This company is located in Krasnoyarsk Territory and develops the Vankorskoye oil and gas condensate field, one of the biggest fields discovered and brought on stream over the last 25 years in Russia.
The consortium of Indian companies (Oil India, Indian Oil Corporation, and Bharat PetroResources) owns 29.9% of the Taas-Yuryakh Neftegazodobycha company, which holds licences for the areas in the Central Block of the Srednebotuobinskoye field and for the Kurungsky licence area (co-shareholders are Rosneft and BP).
Rosneft owns the major 49.13% stake in India’s Nayara Energy, which has top-quality assets, including the Vadinar refinery with a throughput of 20 mtpa. The refinery is the 2nd largest in India and one of the most technologically advanced in the world. Nayara Energy’s business also includes a deep-water port that can accommodate very large crude carriers and one of India’s largest retail network with more than 5800 filling stations.
