MOSCOW Russia's oil giant Rosneft (ROSN.MM) said on Friday it closed the deal to sell a 11 percent stake in the Vankor project to India's top oil explorer ONGC for $930 million.ONGC's stake in the.. Firstpost Also reported by •Sify •Reuters India
A helicopter has crashed in northern Siberia, with the loss of 19 people on board.
Three crew members and 16 passengers died when the Russian-made MI-8 helicopter came down on Friday in bad.. Source: euronews (in English) -
Oct. 17 -- Russia's biggest listed refiner is expanding into India. Rosneft and a group led by Trafigura are buying Essar Oil for $13B. Bloomberg's Harsha Subramaniam reports on "Bloomberg Markets:.. Source: Bloomberg Technology -
At a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East, India and Russia signed billions of dollars of defense.. Source: Wochit Headline News -
Oct. 12 -- Alexei Ulyukayev, economy minister of Russia, discusses privatization plans for energy companies and a potential share buyback by Rosneft is "a question for Rosneft." He speaks with.. Source: Bloomberg Global Business -
October 12 -- Oil held above $50 a barrel amid uncertainty over Russia’s willingness to join OPEC efforts to stabilize the market. Futures were little changed in New York after declining 1.1 percent.. Source: Bloomberg Global Business -
Indian companies are on an asset sale spree to lessen their mounting debt. In the recently announced quarterly results, 47 companies have reported a decline in their debt levels, with an aggregate.. DNA
*Within days of Essar Group signing a mega USD 12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated USD 2.5 billion as.. Deccan Herald
WASHINGTON A deal by a state-owned Russian oil company Rosneft and others to buy India's Essar Oil for $12.9 billion does not run afoul of U.S. sanctions on Russia, the State Department said."I don't.. Firstpost Also reported by •Sify •Reuters India
VERONA, Italy (Reuters) - Russia, already the world's top oil producer, has the potential to further increase oil output in the future by up to 200 million tonnes a year, or 4 million barrels per day,.. Reuters India Also reported by •Sify
Russia's state-controlled oil giant Rosneft and its partners' USD 12.9 billion deal to take over India's Essar Oil is not in violation of any US-EU sanctions against Russia, the US said today.
By Katya Golubkova | MOSCOW MOSCOW Russian private investment group United Capital Partners (UCP), which is teaming up with oil giant Rosneft to buy India's Essar Oil in a $12.9 billion deal, said it.. Firstpost Also reported by •Sify
Rosneft’s takeover of Essar Oil reins has the potential to redraw India’s oil routes, particularly for Russian-owned crude, to reduce dependence on supplies from West Asia and pitchfork the country.. IndiaTimes
After striking the deal to sell its oil refinery to Russia's Rosneft and partners for USD 12.9 billion, the debt-laden Essar Group has said it is not exiting the oil and gas business and the sale has.. Zee News