A consortium of Indian state-run oil firms including Indian Oil Corporation Ltd, Oil India Ltd, Bharat PetroResources Ltd, and ONGC Videsh Ltd are “in discussions” to buy stakes in Russia’s Vankor cluster oilfields, D Rajkumar, chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) has said.
The managing director of Bharat PetroResources Ltd (BPRL), Ajay Kumar V, is part of an Indian delegation led by Petroleum Minister Dharmendra Pradhan currently in Russia ahead of a planned visit of prime minister Narendra Modi to attend the Eastern Economic Forum in Vladivostok and hold the annual bilateral summit with Russian President Vladimir Putin.
