ROSNEFT SOLD 15%
Rosneft Oill Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice.
Base price of the transaction is USD 1.27 billion (about 83 billion RUB).
The closed transaction is symbolic for both the companies and marks transition to a new level of cooperation in the Russian-Indian relations in sphere of energy. ONGC gets substantial interest and relevant rights…
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