CCEA approves OVL’s proposal to buy 11% stake in JSC Vankorneft

The Cabinet Committee on Economic Affairs (CCEA) has given approval ONGC Videsh Limited (OVL) proposal to buy 11% stake in JSC Vankorneft. OVL will buy this stake in JSC Vankorneft from Rosneft Oil Company (Rosneft), National Oil Company of Russia which operates Vankor oil fields. OVL will pay US 930 million dollars for acquiring 11% ..

Month: Current Affairs - October, 2016

Topics: Business • Cabinet Decisions • CCEA • Economy • India-Russia • JSC Vankorneft • National • OVL