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India gets oil deals as Russia opens doors

NEW DELHI: India returned to Russia after six years for a bouquet of oil deals, potentially worth $2-3 billion, as Moscow actively seeks partners for meeting capital needs of new fields, amid low crude prices and western sanctions. On Thursday , Rosneft, the world’s largest publicly-traded oil company...
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Pipavav Defence Shares Surge 20% to Hit 52-Week High

Shares of shipbuilding firm Pipavav Defence and Offshore Engineering surged 20 per cent to a 52-week high of Rs 100.25 on reports it is likely to sign a Rs 66,000 crore deal with Russia. The Bombay Stock Exchange has sought a clarification from Pipavav Defence on the report....
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Oil explorers push deep into Russia for energy ties

ONGC Videsh Ltd (OVL)is in talks to raise its stake in Russia’s second biggest oilfield of Vankor while Indian Oil Corp-Oil India are in negotiations for a stake in Taas-Yuriakh Neftegazodobycha oilfield in East Siberia as India looks to deepen energy ties with Russia. The slew of agreements...
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