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Rosneft's Sechin says sells Vankor stake to Indian consortium for more than $2 bln

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Reuters MOSCOW
Last Updated : Jun 21 2016 | 11:28 PM IST

MOSCOW (Reuters) - Igor Sechin, the head of Russia's top oil producer Rosneft, said the company has sold a more than 20 percent stake in Vankorneft to an Indian consortium for more than $2 billion.

He was speaking to the Rossiya-24 TV channel on Tuesday.

In March, Indian Oil Corporation, Bharat Petro Resources Ltd, the exploration arm of Bharat Petroleum Corporation Ltd, and Oil India Ltd signed a an agreement to buy a 23.9 percent stake in Vankorneft, a Rosneft subsidiary which is developing the Vankor field in eastern Siberia.

(Reporting by Vladimir Soldatkin; Editing by Susan Fenton)

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First Published: Jun 21 2016 | 11:24 PM IST

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