India is interested in the Yakut oil

Two Indian companies want to buy 29 percent of shares in one of the "Rosneft" projects

The Indian companies Indian Oil Corp (IOC), Oil India Ltd and Bharat PetroResources Ltd (BPRL) plan to sign a contract with "Rosneft" to buy 29 percent of shares in Taas-Yuryakh, a company, which develops the Srednebotuobinskoye deposit, according to FBA Economika today.

It is possible that the transaction will be concluded in the course of the head of "Rosneft" Igor Sechin's visit to India, which is to be held on 15 – 16 March.

Several large oil companies from India are aiming at concluding important agreements to acquire shares in the Taas-Yuryakh deposit.

By the end of autumn of 2014, the company had already sold 20% of shares in Taas-Yuryakh to the British BP for $ 750 million.

Rosneft" plans to earn about $ 1 billion form the transactions concluded with the Indian companies.

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