Oil India receives $942 mn dividend from Russian assets, nears full investment recovery

Oil India Limited (OIL) announced on Thursday that it has received $942 million in dividends from its Russian assets — Vankorneft and Taas Yuryakh. While speaking at the 66th Annual General Meeting (AGM), Ranjit Rath, Chairman and Managing Director of Oil India Limited, also said that the dividend payout represents over 91% of OIL’s original investment in the two projects, and the company expects to fully recover its investment in the coming year.