China on Thursday denied providing any fund for the controversial purchase of Russia's oil giant Yukos but declined to give more information on the mystery deal.
State-run Oil and Natural Gas Corporation is likely to bid for acquiring the assets of embattled Russian oil major Yukos, Petroleum secretary S C Tripathi said on Thursday.
Russia's embattled Yukos Oil Company has threatened to sue Indian oil and gas major ONGC if it goes ahead with plans to pick up stake in its core asset Yuganskneftegaz, effectively nationalised by Russian government through auction.
Russian oil and gas firm Gazprom will not partner India's state-run Oil and Natural Gas Corp in bidding for the subsidiary company of troubled Russian energy giant Yukos.
Acknowledging that the trial against oil tycoon Mikhail Khodorkovsky had lowered trust in Russian economy, Moscow on Wednesday said the Yukos case was a "serious lesson", which should never be repeated.
China had financed the acquisition of embattled Yukos' core asset Yuganskneftegaz by Russia's state-owned 'Rosneft' oil last month in return of oil supplies till 2010, a senior Russian official said.
"We did not take part in the auction of 'Yuganskneftegaz' in any form and don't have faintest idea who bought it," ONGC Videsh's Regional Manager in New Delhi A Verma was quoted as saying by RIA Novosti agency.
State-run Oil and Natural Gas Corp is in the race for picking up Canadian firm EnCana's stake in a cluster of oil fields in Ecuador and is also talking to Russia for picking up stake in assets of oil major Yukos.
Oil and Natural Gas Corporation will hire international lawyers to deal with the matter of acquiring 15 per cent stake in the main production unit of embattled Russian oil firm Yukos.
Petroleum Minister Mani Shankar Aiyar will take up Oil and Natural Gas Corp's proposal to acquire 15-20 per cent stake in embattled Russian firm Yukos' core asset, Yuganskneftegaz, when he meets his Russian counterpart in Moscow on February 21.
Saris were in vogue at the dinner President Droupadi Murmu hosted for G20 leaders on Saturday evening and earlier as well on Saturday morninbg when Kyoko Jaishankar, External Affairs Minister Subrahmanyam Jaishankar's wife, hosted the leaders's spouses in New Delhi.
"First ladies from Turkiye, Japan, the UK, Australia and Mauritius, among others visited the exhibition at NGMA (National Gallery of Modern Art)," the source added.
They welcomed the guests before the start of the dinner from the reception dais, with its backdrop showcasing the ruins of the Nalanda University in Bihar besides India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.
Cairn Energy has threatened the Indian government that it is looking at executing the favourable $1.2 billion international tribunal award in the retrospective taxation case by seizing India's overseas assets.
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Oil and Natural Gas Corporation mulls investing $3 billion in the initial public offering of Russia's Rosneft, the Moscow-based firm has warned potential investors that they face numerous risks, including uncertain tax laws and economic instability.
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A court on Tuesday declared tycoon Mikhail Khodorkovsky guilty of an array of charges including fraud and tax evasion, and sentenced him to nine years in prison minus the time served.
Russia has promised India four to five million tonnes of crude oil annually from its Far East Siberian oil fields if it fails to accommodate ONGC Videsh Ltd in Yuganskneftegaz, the core asset of Yukos that has been acquired by Russian state-owned Ros
ONGC on Monday said it was still in reckoning for the confiscated assets of Russian oil firm Yukos and added Moscow may give it a stake in Rosneft's Vankor oil and gas field if the deal falls.
Otylia Jedrzejczak became Poland's first Olympic swimming champion.
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China got its first gold at the Rio 2016 Summer Olympics thanks to some sharp shooting skills by Olympic debutant Zhang Mengxue on Sunday. Presenting a round-up of the athletes who shone bright to take home gold medals on Day 2 at the Rio Games...
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