"We are trying to augment our 15-percent stake with 11 percent additional [shares]. So that process is on [going]. And we hope to conclude all these things by September 2016," Verma was quoted as saying by CNBC-TV18.
Vankorneft, a joint enterprise coowned by Rosneft and the Indian state, is responsible for developing Russia's Vankor Field, pumping over 60,000 metric tons of oil and natural gas liquids (NGL) per day. In 2015 Vankorneft's production totaled 9.75 billion cubic meters of gas and 22 million tons of oil and NGL.