India has asked state-owned energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft. BP has announced that it is selling its 19.75% stake in Rosneft. Sources said the oil ministry last week decided to terminate ONGC Videsh Ltd (OVL), Indian Oil Corp, Bharat Petro Resources Ltd (BPRL), Hindustan Petroleum subsidiary Prize Petroleum Ltd, Oil India Ltd, and GAIL (India) Ltd with its intention. has been informed.
Western countries impose sanctions on Russia over the war in Ukraine
Indian companies and the oil ministry did not respond to emails from Reuters. Western countries have imposed sanctions against Russia over the war in Ukraine, while India has not explicitly condemned Moscow's action. The world's third-largest oil importer and consumer, India imports about 85% of its 5 million barrels per day (BPD) oil needs.
Also asked OVL to buy a 30% stake in Axon Mobile Corp
In March, BP CEO Bernard Looney met Indian Oil Minister Hardeep Singh Puri. It was only after this that the discussion of buying a stake in Rosneft started. The oil ministry also asked Oil and Natural Gas Corp's foreign investment arm OVL to consider buying Exxon Mobile Corp's 30% stake in the Sakhalin 1 project in Russia's the Far East. Exxon is the driver of the project. OVL already holds a 20% stake in the project. Exxon said on March 1 that it would sell about $4 billion in assets and close all of its Russian operations, including Sakhalin 1. OVL also holds a 26% stake in Vankorneft, owner of Vankor Field in the West Siberian Basin.
Karur Tragedy: 'Had security been in place, 41 lives could have been saved', Palaniswami's scathing attack on the Stalin government
All India Anna Dravida Munnetra Kazhagam (AIADMK) General Secretary and former Chief Minister Edappadi K. Palaniswami on Thursday blamed the Tamil Nadu government for the Karur stampede, which killed
India Against Terrorism: India said at the UN, that external forces are spoiling the situation in Syria
Expressing concern over increasing hostilities in Syria, India on Friday told the United Nations that the threat of launching military operations by external forces has worsened the situation in the
Doctors set up OPD on the road in Delhi, patients are facing a huge problem in Bihar; a Protest march was taken out in Rohtak
On Monday, doctors in many cities of the country went on strike and staged protests against the rape and murder of a junior female resident doctor at Kolkata's RG Kar Medical College.
Emergency: Anupam Kher to play Jai Prakash Narayan after Kashmiri Pandit, first look revealed
Bollywood actress Kangana Ranaut is trying to bring the country's biggest political event to the big screen with her upcoming film 'Emergency'. While on one hand, the actress is directing this film,
G-20 Video: 'This is Delhi, not Russia', you will be shocked to see the security arrangements, DRDO ready to deal with a drone attack
G-20 Summit Video Due to G-20, the security system in the capital Delhi is so tight that no bird can be killed. Police and army personnel are camping everywhere. Due to more strictness in many areas
Rahul Gandhi's question, Kamal Haasan's answer: In a 23-minute discussion, Kamal said - The worst form of criticism is murder
Bharat Jodo Yatra in Uttar Pradesh is to begin on January 3. Just a day before this, Rahul Gandhi discussed Indian politics and culture with Kamal Haasan. Sharing the clip of this discussion on social
IND vs PAK: 'I had decided as soon as I reached Dubai, some things are above sportsmanship', said SKY, referring to the Pahalgam attack
Indian captain Suryakumar Yadav finally broke his silence on refusing to shake hands with Pakistani players and closing the door of the Indian dressing room after the high-voltage match of the Asia
Modi Cabinet Decisions: Modi cabinet approves deregulation of sale of crude oil, farmers will benefit
Modi Cabinet Approves Computerization of PACS: Modi cabinet approved deregulation of the sale of domestically produced crude oil. Steps have been taken to ensure market independence for all
From Indira Gandhi to Lincoln: The world was shaken by the killing of these leaders, if someone was shot, then someone got ragged in the blast
The former Prime Minister of Japan, Shinzo Abe was shot dead yesterday. This kind of news from a progressing country like Japan surprised the whole world. Along with this, a question mark has also
Retail Inflation Data: There is no relief from inflation, retail inflation increased to 7.41 percent in September
Retail Inflation Data: There has been a jump in retail inflation for the second consecutive month. In September, the retail inflation rate increased to 7.41 percent. Retail inflation stood at 7
