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Indian companies paid $4 bln for stakes in Russian oil producers in Q4 2016

February 14, 19:40 UTC+3
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MOSCOW, February 14. /TASS/. India’s Oil India, Indian Oil, Bharat Petroresources and ONGC transferred $4 bln in the fourth quarter of 2016 in transactions on the purchase of stakes in oil producers Vankorneft and Taas-Yuryakh Neftegazodobycha, Russian oil major Rosneft said on Tuesday.

"The base estimate of the value of stakes in the said projects is over $6 bln, including about $4 bln transferred by strategic investors in the fourth quarter of 2016," the company said.

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