Rosneft and China's CNPC in November formed a joint venture - Vostok Energy Ltd - to undertake exploration work in Russia and obtain licences for various types of subsoil resource use.
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Indian, Russian State Oil Giants To Lead Joint Projects
The agreement was signed by ONGC chairman R.S. Sharma and Rosneft President Sergei Bogdanchikov
India's Oil and Natural Gas Corp. Ltd (ONGC) and Russia's state-run Rosneft yesterday signed a comprehensive deal for different joint energy projects.
The agreement was signed by ONGC chairman R.S. Sharma and Rosneft President Sergei Bogdanchikov, ONGC said in a statement issued later, and will expand the two firms' existing ties to third countries.
ONGC Videsh and Rosneft are partners in the Sakhalin-1 oilfield, operated by US oil major ExxonMobil, and are also exploring a joint bid to acquire a stake in the Sakhalin-3 field as and when it is auctioned.
Rosneft and China's CNPC in November formed a joint venture - Vostok Energy Ltd - to undertake exploration work in Russia and obtain licences for various types of subsoil resource use.
Rosneft and China's CNPC in November formed a joint venture - Vostok Energy Ltd - to undertake exploration work in Russia and obtain licences for various types of subsoil resource use.
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