India eyes bigger stake in Russian oilfields – Reuters ...News

New Delhi reportedly plans to preserve and expand its holdings in the massive Sakhalin-1 project India’s Oil and Natural Gas Corporation (ONGC) is considering increasing its stake in the new Russian entity that will manage the Sakhalin-1 energy project in the country’s Far East, Reuters reported on Tuesday. Sources told the media outlet that the company plans to retain its 20% share in the asset. “ONGC Videsh will protect its share in the project, which means it will take a stake in the new entity,” one of the unnamed sources said. According to them, ONGC will also consider taking an additional stake in Sakhalin-1

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