India eyes bigger stakes in Russian oilfields – media ...News

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India eyes bigger stakes in Russian oilfields – media
New Delhi reportedly wants to preserve and expand its holdings in the Sakhalin-1 project India’s Oil and Natural Gas Corporation (ONGC) is deploying additional manpower to play a bigger role in operating the Sakhalin-1 oil field following ExxonMobil’s withdrawal, the Times of India reported on Friday. The company has a 20% stake in the energy project, located in Russia’s Far East. According to the report, ONGC’s overseas investment arm OVL has offered to send more personnel with suitable expertise to partially fill the void, after US energy giant ExxonMobil announced in March its intention to exit oil and gas oper

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