{"id":535014,"date":"2022-11-09T09:37:06","date_gmt":"2022-11-09T04:07:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=535014"},"modified":"2022-11-09T10:54:23","modified_gmt":"2022-11-09T05:24:23","slug":"ongc-applies-to-retain-20-stake-in-russias-sakhalin-1-oil-and-gas-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-applies-to-retain-20-stake-in-russias-sakhalin-1-oil-and-gas-project\/","title":{"rendered":"ONGC applies to retain 20% stake in Russia&#8217;s Sakhalin-1 oil and gas project"},"content":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India&#8217;s Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. <\/p>\n<p>Russia has established a new entity, managed by a Rosneft subsidiary, that owns investor&#8217;s rights in Sakhalin 1 after the exit of previous operator ExxonMobil. Moscow gave the state-run company the authority to decide whether foreign shareholders can retain their participation.<\/p>\n<p>&#8220;Yes,&#8221; said the person when asked if ONGC has applied to retain its stake in the project.<\/p>\n<p>ONGC holds a 20% stake through its overseas investment arm ONGC Videsh.<\/p>\n<p>ONGC Videsh and Rosneft did not immediately respond to a Reuters request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India&#8217;s Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary, that owns investor&#8217;s rights in Sakhalin 1 after the exit of previous operator ExxonMobil. Moscow gave the state-run company the authority to decide whether foreign shareholders can retain their participation. &#8220;Yes,&#8221; said the person when asked if ONGC has applied to retain its stake in the project. ONGC [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-535014","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=535014"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535014\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=535014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=535014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=535014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}