India's ONGC to Buy Stake in Vankor
The Federal Antimonopoly Service has received the petition of the Indian company ONGC for acquisition of shares in the "Vankorneft."
"It is reviewed for necessary consideration pravkomissiey. Previously we can say that the deal will require coordination, "- said the head of the control of foreign investment FAS Armen Khanyan. Share claimed by ONGC, he did not name, the newspaper "Vedomosti".
"Vankorneft" (subsidiary company "Rosneft") holds the license for the largest field in Eastern Siberia - Vankor (reserves 500 million tons of oil and condensate and 182 billion cubic meters. Meters of gas). Last year, production at its 22 million tons. "Vankorneft" Boating is also the operator, and Suzun Tagulskoe fields that are included in the Vankor cluster.
In the fall of 2015, "Rosneft" has signed an agreement with ONGC to sell its 15% "Vankorneft" (the amount of the transaction, according to "Interfax", $ 1.275 billion). However, by the end of the year it became clear that the Indian company will be able to buy more. The Russian-Indian joint statement after a meeting between President Vladimir Putin and Indian Prime Minister Narendra Modi said that they "welcomed the signing of the contract of sale of 15% shares of" Vankorneft ", as well as talks on increasing this percentage in the future."
The Russian company has long been looking for an investor for the project. In November 2014 she signed with the Chinese company CNPC framework agreement to acquire the Chinese company 10% "Vankorneft", but the deal has not yet closed.
