India to stay in Russian energy project ...News

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India to stay in Russian energy project
New Delhi will keep its stake in Sakhalin-1 to help boost the country’s energy security, the state oil and gas company’s chairman has said India’s Oil and Natural Gas Corporation (ONGC) will notify the Russian government of its plans to retain its stake in the new entity that will manage the Sakhalin-1 oil and gas project in the Far East, the company’s chairman and managing director, Rajesh Kumar Srivastava, told the TASS news agency on Wednesday. When asked about plans to inform Russia’s Cabinet of Ministers of ONGC’s participation in the project, he said that “it will definitely be done,” stressing the importanc

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