India looks to scoop up divested Western assets in Russia – media ...News

Russia Today - Economy
India looks to scoop up divested Western assets in Russia – media
source : Russia Today ( News ) () 28
New Delhi wants to purchase the stakes of Exxon and Shell in Sakhalin energy projects, the Economic Times reports India’s Oil and Natural Gas Corporation (ONGC) is considering purchasing additional stakes in Russian oil and gas fields from Western firms that plan to leave the country, the Economic Times (ET) reported on Thursday, citing people familiar with the matter. The move comes even as the Indian company’s first bid for Shell's 50% stake in the Salym oil fields in Siberia has not been accepted, the sources said. “The war will not last forever, nor will the sanctions. We must move to secure our energy supplie

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