Oil India expects full recovery of investments from Russia by FY27

State-run oil and gas exploration and production company Oil India has so far received dividends amounting to $942 million from its Russian assets representing over 91% of its original investment in Vankorneft and Taas Yuryakh and expects full recovery in the coming year, the company’s chairman and managing director (CMD) Ranjit Rath said on Thursday.

Presently, about $330 million worth of OIL’s dividends are stuck in its bank accounts in Russia. The company had made an investment of about $1 billion in these two projects.