Indian Oil Corporation Says Exploring Upstream Opportunities In Russia Despite Sanctions


Indian Oil Corporation Says Exploring Upstream Opportunities In Russia Despite Sanctions

Indian Oil Corporation (IndianOil) is examining upstream opportunities in Russia despite the western sanctions imposed on the country, IndianOil Chairman Sanjiv Singh told Sputnik on the sidelines of the CERAWeek conference in Houston, Texas.

“In Russia, we are exploring a couple of upstream opportunities … We already have two assets … they are allupstream assets, where we are exploring opportunities,” Singh indicated.

According to Singh, his company is interested in expanding the current cooperation with Russia in all fields. When asked about the West’s Russia sanctions, Singh called those sanctions “fairly specific.”

“In spite of those [sanctions] we have invested in Russia, and we have no issues with that … We have invested in Russia, and we are working with Russia,” Singh stressed. Read More

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