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  • Indian Interests in Russia: Vankor Field Imperial Energy Corporation

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    Soham Majumder
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    Indian companies have interests in multiple oil and gas fields in Russia. ONGC Videsh acquired Imperial Energy Corporation which operates in the Tomsk region of Siberia. ONGC Videsh also has a stake in the Sakhalin 1 project operated by Exxon Neftegas Limited. Rosneft has stakes in the Vankor and Taas-Yuryakh fields in Siberia and acquired Essar Oil, now renamed Nayara Energy, in India. Russia's IoT market was worth $9 billion in 2020 and is growing at an annual rate of 21.3% with $4 billion in investments that year. Several oil and gas conferences are held annually in Russia.

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    russian business in india

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    Indian companies have interests in multiple oil and gas fields in Russia. ONGC Videsh acquired Imperial Energy Corporation which operates in the Tomsk region of Siberia. ONGC Videsh also has a stake in the Sakhalin 1 project operated by Exxon Neftegas Limited. Rosneft has stakes in the Vankor and Taas-Yuryakh fields in Siberia and acquired Essar Oil, now renamed Nayara Energy, in India. Russia's IoT market was worth $9 billion in 2020 and is growing at an annual rate of 21.3% with $4 billion in investments that year. Several oil and gas conferences are held annually in Russia.

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    15 views4 pages

    Indian Interests in Russia: Vankor Field Imperial Energy Corporation

    Uploaded by

    Soham Majumder
    Indian companies have interests in multiple oil and gas fields in Russia. ONGC Videsh acquired Imperial Energy Corporation which operates in the Tomsk region of Siberia. ONGC Videsh also has a stake in the Sakhalin 1 project operated by Exxon Neftegas Limited. Rosneft has stakes in the Vankor and Taas-Yuryakh fields in Siberia and acquired Essar Oil, now renamed Nayara Energy, in India. Russia's IoT market was worth $9 billion in 2020 and is growing at an annual rate of 21.3% with $4 billion in investments that year. Several oil and gas conferences are held annually in Russia.

    Copyright:

    © All Rights Reserved
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    of 4

    Indian Interests in Russia

    Imperial Energy Corporation


    Vankor Field ONGC Videsh acquired Imperial Energy
    Shareholders – ONGC Videsh Ltd (26%), Corporation Plc., an independent
    OIL, IOCL, BPRL (23.9%), Rosneft upstream oil E&P company with its
    (50.1%) main activities in the Tomsk region of
    Operator – Rosneft Western Siberia, france.

    Sakhalin 1 Field
    Taas-Yuryakh Field Shareholders – ExxonMobil (30%), Sakhalin
    Oil & Gas Development Co. Ltd (30%),
    Shareholders - Rosneft (50.1%), OIL,
    ONGC Videsh Ltd (20%),
    IOCL, BPRL (29.9%), BP (20%)
    Sakhalinmorneftegas-Shelf (11.5%), RN-
    Operator - Taas-Yuryakh
    Astra (8.5%)
    Neftegazodobycha
    Operator – Exxon Neftegas Limited
    Russian Interests in India

    Acquisition Renaming

     Rosneft bought a 49.13% stake in Essar Oil, while another 49% stake was picked up by Russian investment
    fund United Capital Partners and global commodity trading and logistics giant Trafigura in a deal worth
    $12.9 billion.
     Ruia family stills owns around 2%.
     Essar Oil was, later, renamed Nayara Energy.
    IoT Market – Russia

    Market Size : $ 9 Billion (2020)

    Investment : $ 4 Billion (2020)


    Leaders of Growth

    Annual Growth Rate : 21.3% (till 2020)

    *Source
    • SPE Russian Petroleum Technology Conference,
    22-24 October, 2019 – Moscow
    Events in • Russian Petroleum and Gas Congress, 23-24
    April, 2019 – Moscow
    Russia • NEFTEGAZ, 15-18 April, 2019 – Moscow
    • Moscow International Oil and Gas Exhibition,
    23-26 April, India - Moscow

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