Business

India in talks with Russia for $2-3 bn funding in upstream oil resources

Tie-united states of americain Arctic initiatives also being evaluated

Issues

ONGC oil resources | Russia | ONGC


Twesh Mishra  | 
Fresh Delhi 

India is in talks with Russia for a original funding of at the least $2-3 billion in its upstream resources. In line with officials in the know, the Russian authorities has supplied some oil and gas fields to ONGC Videsh (OVL) and any consortium they sew collectively.

A that you simply will judge of funding by India into the prolific, nonetheless contentious, oil and gas exploration initiatives within the Arctic Circle is also being discussed. “This could per chance perchance fair be for exploring and producing oil and gas in Russia. Whereas the project and scope accept as true and not using a longer been finalised, talks accept as true with begun and the Russian authorities has supplied …

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First Printed: Thu, July 22 2021. 00: 57 IST

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