ONGC, Russia's Rosneft may join forces to send oil to India

Srinivas_K

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ONGC, Russia's Rosneft may join forces to send oil to India
Firms may collaborate in Rosneft's yet-to-be built liquefied gas plant to benefit LNG consumers in India

Moscow: Rosneft NK OAO, the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp. Ltd (ONGC) to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.
It said both companies, which work together on Russia's Sakhalin-1 project, may also join forces in Rosneft's yet-to-be built liquefied natural gas plant in the far east of Russia to the benefit of Indian consumers of LNG.
Rosneft, which is increasing oil flows to Asia to diversify away from Europe, did not provide additional details but said it had discussed potential cooperation with Reliance Industries Ltd and Indian Oil Corp. Ltd.
ONGC, Russia's Rosneft may join forces to send oil to India - Livemint
 

nirranj

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India should use this current stand off between the West and Russia to gain more strategic foot hold in the Russian Energy sector... Just as we chalked out a Win-Win situation during the Iran-West stand off, we should now come up with a Win-Win situation...
 

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