India in talks with Russia for $2-3 bn funding in upstream oil belongings

India


India is in talks with Russia for a recent funding of a minimum of $2-3 billion in its upstream belongings. In response to officers within the know, the Russian authorities has provided some oil and fuel fields to ONGC Videsh (OVL) and any consortium they sew collectively.

A doable funding by India into the prolific, however contentious, oil and fuel exploration initiatives throughout the Arctic Circle can also be being mentioned. “This will likely be for exploring and producing oil and fuel in Russia. Whereas the challenge and scope haven’t been finalised, talks have begun and the Russian authorities has provided …




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First Printed: Thu, July 22 2021. 00:57 IST





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