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Rosneft closes deal to sell a Vankor stake to ONGC for $930 million

ONGC's stake in the project reached 26% following the deal, Rosneft said in a statement

Igor Sechin (L), chief executive of Russia's top oil producer Rosneft, and Narendra Verma, managing director of ONGC Videsh Limited (OVL)

Igor Sechin (L), chief executive of Russia's top oil producer Rosneft, and Narendra Verma, managing director of ONGC Videsh Limited (OVL)

Reuters Moscow

Russia's oil giant Rosneft said on Friday it closed the deal to sell a 11% stake in the Vankor project to India's top oil explorer ONGC for $930 million.

ONGC's stake in the project reached 26%  following the deal, Rosneft said in a statement.

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First Published: Oct 28 2016 | 7:56 PM IST

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