IOC, Oil India, BPCL in talks to buy 49% stake in Russia’s Vankor field

IOC, Oil India, BPCL in talks to buy 49% stake in Russia’s Vankor field
State-owned Indian Oil Corp (IOC) and its partners are in talks to buy 49 per cent stake in Russia’s Vankor cluster oilfields to consolidate their presence in the energy-rich Arctic region.

IOC, Oil India Ltd and Bharat Petro Resources Ltd (a unit of Bharat Petroleum Corp. Ltd or BPCL) is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields – collectively known as Vankor Cluster, sources privy to the development said. Read More…

Credit By: Business Standard

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