{"id":579494,"date":"2023-05-26T11:45:09","date_gmt":"2023-05-26T06:15:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=579494"},"modified":"2023-05-26T12:54:05","modified_gmt":"2023-05-26T07:24:05","slug":"indian-oil-companies-await-300-million-dividend-for-business-in-russia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-companies-await-300-million-dividend-for-business-in-russia\/","title":{"rendered":"Indian oil companies await $300 million dividend for business in Russia"},"content":{"rendered":"<p>NEW DELHI: An estimated $300 million dividend income belonging to Indian state-run oil companies is stuck in Russia as a result of Western banking curbs slapped after Moscow&#8217;s invasion of Ukraine.<\/p>\n<p>The oil companies have invested nearly $5.5 billion in acquiring stakes in four different Russian fields: a 49.9% stake in the Vankorneft oil &amp; gas field and 29.9% in the TAAS-Yuryakh Neftegazodobycha fields.<\/p>\n<p>Oil India chairman Ranjit Rath, of Oil India, which has invested in Russian fields as part of consortiums, said, &#8220;We had been regularly getting our dividend income from the projects, and they are lying in bank accounts in Russia.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: An estimated $300 million dividend income belonging to Indian state-run oil companies is stuck in Russia as a result of Western banking curbs slapped after Moscow&#8217;s invasion of Ukraine. The oil companies have invested nearly $5.5 billion in acquiring stakes in four different Russian fields: a 49.9% stake in the Vankorneft oil &amp; gas field and 29.9% in the TAAS-Yuryakh Neftegazodobycha fields. Oil India chairman Ranjit Rath, of Oil India, which has invested in Russian fields as part of consortiums, said, &#8220;We had been regularly getting our dividend income from the projects, and they are lying in bank [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-579494","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/579494","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=579494"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/579494\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=579494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=579494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=579494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}