Tag Archives: Russia

Cabinet approves acquisition of 11 percent stake in JSC Vankorneft by ONGC Videsh Limited

Acquisition of 11 percent stake in JSC Vankorneft by ONGC Videsh Limited

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to an acquisition by ONGC Videsh Limited (OVL) for 11% stake in JSC Vankorneft from M/s Rosneft Oil Company (Rosneft), the National Oil Company (NOC) of Russian Federation (Russia). Rosneft operates Vankor fields, with Vankorneft, its wholly owned subsidiary. Details about the ...

Read More »

Acquisition of stake in Russian oil companies by Indian Consortium approved

Underground Oil Rig

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to an Indian Consortium comprising of Oil India Limited (OIL), Indian Oil Corporation Limited (IOCL) and Bharat Petro Resources Limited (BPRL) for acquisition of 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from M/s Rosneft Oil Company (Rosneft), ...

Read More »

India-Russia joint military exercise INDRA-2016 begins in Vladivostok

India-Russia joint military exercise INDRA-2016 begins

India-Russia Joint Military Exercise ‘INDRA-2016’ has begun in the Ussuriysk District in Vladivostok, Russia. Main focus of this edition of the joint exercise is on ‘Counter-Terrorism Operations in semi mountainous and jungle terrain under United Nations Mandate’. To achieve interoperability in joint operations, troops from both sides would acquaint themselves with the respective approach to such operations. A comprehensive training ...

Read More »