India eyes bigger stake in Russian oilfields – Reuters

India’s Oil and

New Delhi reportedly plans to preserve and expand its holdings in the massive Sakhalin-1 project.

India’s Oil and Natural Gas Corporation (ONGC) is considering increasing its stake in the new Russian entity that will manage the Sakhalin-1 energy project in the country’s Far East, Reuters reported on Tuesday. Sources told the media outlet that the company plans to retain its 20% share in the asset.

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