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Rosneft closes transactions on sale of oil fields to Indian companies

Base price of the Vankorneft transaction is around $2.021 bln, while base price of the transaction on Taas-Yuryah Neftegasodobycha is $1.12 bln

© Sergei Bobylev/TASS

MOSCOW, October 5. /TASS/. Russia’s top oil producer Rosneft and the consortium of Indian companies - Oil India Limited (leader of the consortium), Indian Oil Corporation Limited and Bharat PetroResources Limited - closed the transactions for the purchase of 23.9% of Vankorneft and 29.9% of Taas-Yuryah Neftegasodobycha, the company said in a press release on Wednesday.

"Base price of the (Vankorneft - TASS) transaction is around $2.021 bln," or about 126 bln rubles, Rosneft said. "Base price of the transaction (on Taas-Yuryah Neftegasodobycha - TASS) is $1.12 bln (around 70 bln rubles)," the report said.

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India approves acquisition of 11% stake in Russia’s Vankorneft by ONGC

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