As much as $300 million (about Rs 2,500 crore) of dividend income belonging to Indian oil firms is stuck in Russia due to tough Western sanctions following Moscow's invasion of Ukraine, a top official said on Thursday. Indian state oil firms have invested $5.46 billion in buying stakes in four different assets in Russia. These include a 49.9 per cent stake in the Vankorneft
New Delhi [India], March 31 (ANI/NewsReach): Russia's biggest oil producer Rosneft Oil Company has signed a term agreement with Indian Oil Company (IOC), India's top oil company, to increase oil supplies and diversify India's oil grades substantially.
Igor Sechin, Chief Executive Officer of Rosneft Oil Company, made a working trip to India, during which he met with officials from the Indian government, as well as with the heads of some of. | March 29, 2023