Russia will play a major role in India's energy sector

Old timers in Oil and Natural Gas Corpora­tion (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in......

India seeks stake in Russian oil fields in oil quest

India on Tuesday pitched for a stake in vast oil and gas fields as well as LNG terminals in the frozen Arctic of Far East Russia as it looked to import more oil from the former Soviet republic as......

8 bn rubles of Indian oil firms stuck in Russia

As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials......

India clinches stake in Russian oilfields

In a deal worth $1.3 billion, Indian consortium buys 29.9% stake in Taas-Yuryakh oilfield in East SiberiaIndian firms on Wednesday clinched a slew of deals worth around $4 billion with long-time......