OVL, partners buying 49% stake in Vankor cluster oilfields
New Delhi: A preliminary pact for a consortium of Indian companies led by ONGC Videsh (OVL) for acquiring about 49% stake in Russia’s Vankor cluster oilfields may be signed during Prime Minister Narendra Modi’s annual summit with Russian President Vladimir Putin this week.
Oil Minister Dharmendra Pradhan was in Moscow last week in preparation for the Prime Minister’s visit.
Modi will be the chief guest at this year’s Eastern Economic Forum in Vladivostok between September 4 and 6 and would also meet the Russian President for their annual summit.
