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ONGC s Russia oilfield deal hindered by bank hurdles

In order to prevent further harm to the environment, the project is completed and wells are securely sealed off using the abandonment fund.

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ONGC turns to Russia for assistance in formalizing participation in new Sakhalin-1 operator

ONGC turns to Russia for assistance in formalizing participation in new Sakhalin-1 operator
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Oil India Ltd: Indian oil firms explore using stranded USD 600 million to buy Russian oil, ET Auto

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.

Kostromskaya oblastNew delhiRanjit rathBharat petroresourcesBharat petroleum corp ltdBharat petroleum corporation ltdSociety for worldwide interbank financial telecommunicationIndo bankVidesh ltdNatural gas corporationIndian oil corporationBharat petroresources ltdCanara bankImperial energyOil india ltdIndian oil corp

Indian oil firms explore using stranded USD 600 million to buy Russian oil

Indian oil firms explore using stranded USD 600 million to buy Russian oil
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New delhiKostromskaya oblastBharat petroresourcesRanjit rathOil india ltdCanara bankBharat petroleum corp ltdNatural gas corporationSociety for worldwide interbank financial telecommunicationIndian oil corpImperial energyBharat petroleum corporation ltdIndian oil corporationIndo bankBharat petroresources ltdVidesh ltd

Indian oil firms explore using stranded $600 million to buy Russian oil

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.

Kostromskaya oblastNew delhiRanjit rathBharat petroresourcesIndo bankOil india ltdBharat petroleum corporation ltdIndian oil corpCanara bankImperial energyVidesh ltdIndian oil corporationBharat petroresources ltdNatural gas corporationSociety for worldwide interbank financial telecommunicationBharat petroleum corp ltd

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