ONGC turns to Russia for assistance in formalizing participation in new Sakhalin-1 operator interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.
Oil India Ltd: One option being explored is loaning the money to entities buying oil from Russia, who would then repay the loan in India. Indian state oil firms have invested USD 5.46 billion in buying stakes in four different assets in Russia, making Russia the top crude oil supplier to India.
Indian oil firms explore using stranded USD 600 million to buy Russian oil financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Indian oil companies are considering using around $600 million of their dividend income from Russia to buy oil from the country. Due to tough Western sanctions following Russia s invasion of Ukraine, the companies have been unable to repatriate their dividend income. One option being explored is loaning the money to entities buying oil from Russia, who would then repay the loan in India. Indian state oil firms have invested $5.46 billion in buying stakes in four different assets in Russia, making Russia the top crude oil supplier to India.