NEW DELHI (Sputnik) — In July, the ONGC's managing director said that the company wanted to buy 11 percent in Vankorneft, increasing its share in the company up to 26 percent. In September, Russia's energy giant Rosneft said that it could sell 11 percent in Vankorneft, which is the company's subsidiary, to its Indian partner.
2/ This will provide 3.2 Million Metric Ton of Oil Equivalent (MMTOE) to OVL by 2017; also enabling Indian PSUs to acquire new technologies https://t.co/LPI3T8xfYT— Frank Noronha (@DG_PIB) 5 октября 2016 г.
Vankorneft, a joint enterprise co-owned by Rosneft and Indian investors, 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 8.71 billion cubic meters of gas and 22 million tons of oil.