India looks to scoop up offloaded Western assets in Russia – media ...News

Russia Today - Economy
India looks to scoop up offloaded Western assets in Russia – media
source : Russia Today ( News ) () 24
New Delhi reportedly wants to purchase BP’s stake in Rosneft, as well as Exxon’s in the Sakhalin 1 project India has asked state-run energy companies to evaluate the possibility of acquiring oil major BP’s stake in sanctions-hit Russian firm Rosneft, sources told Reuters on Thursday. BP had earlier announced it was abandoning its 19.75% stake in the Russian company. Sources familiar with the matter said that the Indian oil ministry last week conveyed its intent to ONGC Videsh (OVL), Indian Oil, Bharat Petro Resources, Hindustan Petroleum’s subsidiary Prize Petroleum, Oil India and GAIL (India). The ministry also a

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