India asks state firms to consider buying Russian oil assets

India has asked state-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said. BP has announced it is abandoning its 19.75% stake in Rosneft. The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp, Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum … Continue reading India asks state firms to consider buying Russian oil assets

India asks state firms to consider buying Russian oil assets

India has asked state-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said. BP has announced it is abandoning its 19.75% stake in Rosneft. The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp, Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum … Continue reading India asks state firms to consider buying Russian oil assets