07:52 GMT +322 October 2019
Listen Live

    Indian Companies Mull Buying Russia's Rosneft Share

    © Sputnik / Maxim Blinov
    Get short URL
    0 37

    Indian companies are studying the possibility of buying Rosneft's share package, the local petroleum minister said.

    MOSCOW (Sputnik) — Indian companies are considering purchase of the Russian oil producer Rosneft's share package, Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said Thursday.

    "Russia is looking to divest some stake in Rosneft. We will look at that also," Pradhan was quoted as saying by The Hindu Business Line.

    Gazprom office building
    © Sputnik / Mikhail Voskresenskiy
    New Delhi plans to fund the natural gas extraction project of the energy giant Gazprom on the Russia's Yamal peninsula as well, the Indian minister added.

    Pradhan's comments came after he attended the St Petersburg International Economic Forum (SPIEF) held on June 16-18.

    Earlier in June, Indian Oil and Natural Gas Corporation's CEO Narendra Kumar Verma indicated intention to allocate a total of $5 billion for energy projects in Russia in 2016.


    Investors From Outside China, India Interested in Rosneft Privatization
    Russian Oil Giant Rosneft Plans to Build LNG Plant in Venezuela - CEO
    Rosneft Signed Deals Worth Some $45Bln at St Petersburg Economic Forum
    Kremlin Has No Preferred Option in Rosneft Privatization Issue
    Rosneft, Dharmendra Pradhan, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik