Russia's Rosneft says completes deal to sell 15 percent in Vankor oilfield to ONGC | Reuters

MOSCOW Russia's largest oil producer Rosneft said on Tuesday it has completed the deal to sell a 15 percent stake in Vankor oilfield in East Siberia to ONGC for $1.27 billion.

Reuters May 31, 2016 23:45:06 IST
Russia's Rosneft says completes deal to sell 15 percent in Vankor oilfield to ONGC
| Reuters

Russias Rosneft says completes deal to sell 15 percent in Vankor oilfield to ONGC
 Reuters

MOSCOW Russia's largest oil producer Rosneft said on Tuesday it has completed the deal to sell a 15 percent stake in Vankor oilfield in East Siberia to ONGC for $1.27 billion.

The deal was initially signed in September 2015.

Vankor, launched in 2009, produces around 440,000 barrels of oil per day. The field is a source of Russian oil supply to China.

In March, ONGC also signed an initial deal to raise its stake in Vankor to 26 percent from 15 percent.

(Reporting by Vladimir Soldatkin and Katya Golubkova)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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