India’s state-owned Oil & Natural Gas Corp (ONGC) is plan- ning to pay US $900m to buy a stake in Rosneft’s Vankor oil field in East Siberia, Russia, according to reports. If successful ONGC will secure around 25.66m bbl of oil a year (around 70,288 b/d), and expects to sign a deal as early as next month, Bloomberg reported. Vankor, which started pro- duction in 2009, is one of the largest oil fields in Russia, with recoverable reserves estimated at around 3.67 Bn bbl.
展开▼
