Indian Oil Corp and Oil India may buy a 20% share in Taas-Yuryakh deposits.
Edited by Rhod Mackenzie / 2015-12-09 01:47:49
Indian state oil company Indian Oil Corp Ltd. and Oil India Ltd. negotiate with "Rosneft" on acquisition of a 20% stake in oil and gas field in Taas-Yuryakh in Eastern Siberia. "Taas-Yuryakh Oil and Gas" is developing the project.
"The transaction value is approximately $ 600-700 million. The area has rich deposits of gas in the presence of oil reservoirs. Currently, oil production in the field fluctuates around 20 thousand barrels a day" - quoted Prime source publication The Financial Express.