An immediate comment was not available from spokesmen at the oil ministry and ONGC.
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Russia Proposes India to Buy a Stake in Rosneft
Russia has offered India a one percent equity stake worth $1 billion in state-controlled oil firm Rosneft
Russia has offered India a one percent equity stake worth $1 billion in state-controlled oil firm Rosneft, the Financial Express said in an unsourced report on Tuesday.
India may ask a consortium led by ONGC Videsh Ltd., the overseas arm of Oil and Natural Gas Corp. (ONGC), to pick up the stake, the paper said without quoting a source.
An immediate comment was not available from spokesmen at the oil ministry and ONGC.
The paper said ONGC Videsh has a 20 percent stake in the Sakhalin-I oilfields in Russia, and said Indian firms were looking at bidding for Sakhalin-III, IV, V and VI projects.
An immediate comment was not available from spokesmen at the oil ministry and ONGC.
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