Rosneft and Indian Oil Corporation Limited have signed a contract for supplying up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2022. Since 2016, Indian companies (ONGC Videsh Ltd., Oil India Limited, Indian Oil Corporation and Bharat Petroresources) have been holding a 49.9% stake in Vankorneft Subsidiary. This entity, located in Krasnoyarsk Territory, is developing the Vankor oil and gas condensate field - the largest of the discovered and commissioned in Russia over the past twenty-five years.The Consortium of Indian companies (Oil India Limited, Indian Oil Corporation и Bharat Petroresources) also owns a 29.9% stake in Taas-Yuryakh Neftegazodobycha, which holds licenses for the Central Block of the Srednebotuobinskoye field and the Kurungsky license area (the other shareholders are Rosneft and BP).Since 2001, the Indian company ONGC Videsh Ltd. has been a participant in the Sakhalin-1 project (the other shareholders are Rosneft, ExxonMobil, and Japanese Sodeco). In 2020, the project produced 12.4 million tons of oil and condensate, and supplied more than 2.4 billion cubic meters of gas to consumers.Rosneft owns a stake (49.13%) in the Indian company Nayara Energy, which has first-class assets, including a refinery in the city of Vadinar with a throughput of 20 million tons per year. The refinery is the second largest in India and one of the most technologically advanced in the world. The Indian company has already started implementing a program for development of the refinery: the first stage includes construction of polypropylene units with a capacity of up to 450 thousand tons per year. Nayara Energy's business also includes a deepwater port that can accommodate ultra-large VLCC-class tankers and one of India's largest retail chains.
Rosneft and Indian Oil Corporation Limited have signed a contract for supplying up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2022. Since 2016, Indian companies (ONGC Videsh Ltd., Oil India Limited, Indian Oil Corporation and Bharat Petroresources) have been holding a 49.9% stake in Vankorneft Subsidiary. This entity, located in Krasnoyarsk Territory, is developing the Vankor oil and gas condensate field - the largest of the discovered and commissioned in Russia over the past twenty-five years.The Consortium of Indian companies (Oil India Limited, Indian Oil Corporation и Bharat Petroresources) also owns a 29.9% stake in Taas-Yuryakh Neftegazodobycha, which holds licenses for the Central Block of the Srednebotuobinskoye field and the Kurungsky license area (the other shareholders are Rosneft and BP).Since 2001, the Indian company ONGC Videsh Ltd. has been a participant in the Sakhalin-1 project (the other shareholders are Rosneft, ExxonMobil, and Japanese Sodeco). In 2020, the project produced 12.4 million tons of oil and condensate, and supplied more than 2.4 billion cubic meters of gas to consumers.Rosneft owns a stake (49.13%) in the Indian company Nayara Energy, which has first-class assets, including a refinery in the city of Vadinar with a throughput of 20 million tons per year. The refinery is the second largest in India and one of the most technologically advanced in the world. The Indian company has already started implementing a program for development of the refinery: the first stage includes construction of polypropylene units with a capacity of up to 450 thousand tons per year. Nayara Energy's business also includes a deepwater port that can accommodate ultra-large VLCC-class tankers and one of India's largest retail chains.
