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Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,465/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 101.86 USD ₹ 94.19
Home News Business
ONGC Acquires Stake In Russia's Vankor Oil Field
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Government owned Oil and Natural Gas Corp (ONGC) has acquired a 15 per cent stake in Russia's second- largest oil field from Rosneft for about $1.35 billion, reports have stated.

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These report say that ONGC Videsh Ltd signed agreements in Moscow to buy 15% stake in the Vankor oil field in East Siberia.

The move may be a clever one by ONGC given the fact that oil asset prices maybe lucrative given the falling prices of crude oil.

The shares of ONGC were down almost 2 per cent despite the deal on a sharp drop in the indices.

GoodReturns.in

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Story first published: Friday, September 4, 2015, 13:13 [IST]
See More On: ongc
Other articles published on Sep 4, 2015

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