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Rosneft, consortium to acquire 98% in Essar Oil

Rosneft, consortium to acquire 98% in Essar Oil

Published : 18, Oct 2016

Transaction includes ~Rs 72,800 crore ($10.9 bn) for Essar Oil’s refining and retail assets, and ~Rs 13,300 crore ($2 bn) for Vadinar port and related infrastructure

ONGC Videsh to acquire 11% stake in JSC Vankorneft

ONGC Videsh to acquire 11% stake in JSC Vankorneft

Published : 5, Oct 2016

Will pay US$ 930 million for access to 3.2 million metric ton of oil equivalent by 2017 and new technologies