OVL Current Affairs, GK & News

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

October 6, 2016

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% ..

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Russia approves OVL’s deal to acquire 15% stake in Vankor oilfield

March 30, 2016

The Russian Government has approved a deal of ONGC Videsh Ltd (OVL) to acquire 15% stake in Vankor oilfield from Rosneft. The deal was signed between the OVL and Rosneft in September 2015 and is worth 1.3 billion US dollars. Vankor is Russia’s second biggest oil field with capacity of total 2.5 billion recoverable reserves ..

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ONGC buys 15% stake in Russia's 2nd-largest oil field from Rosneft

September 4, 2015

State-owned Oil and Natural Gas Corporation (ONGC) has bought a 15 per cent stake in Russia’s second-largest oil field Vankor from Rosneft for about 1.35 billion US dollars. In this regard, ONGC Videsh Ltd (OVL) the overseas investment arm of ONGC has signed agreements to buy 15 per cent stake in the Vankor oil field ..

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