Indian companies eye larger stake in Vankorneft

Well-battery site No. 3 of the Vankorsky oil deposit.

Well-battery site No. 3 of the Vankorsky oil deposit.

Source: Vladimir Vyatkin / RIA Novosti
Talks are underway for a 19-percent stake sale.

Indian companies may increase the size of the stake in a deal to purchase Vankorneft shares, Indian Ambassador to Russia Pankaj Saran said on March 30.

Talks are currently underway on the purchase of a 19-percent stake in Vankorneft. An increase in the size of the deal is also being discussed, Saran told Rossiya 24 television.

Read more: 6 features of Russian investment in Asia

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