Oil India changed its mind on cooperation with Igor Sechin

The Indian company refused to buy five more deposits in Siberia from Rosneft .
07.09.2017
TASS
Origin source
According to The Economic Times, Oil India negotiated the acquisition of three deposits in the Krasnoyarsk Territory, but the Russian side suggested buying another five in the same region.

India did not accept Rosneft's offer to buy five more oil fields in the Vankor cluster (the Krasnoyarsk Territory), the Indian newspaper The Economic Times reported citing sources close to the talks.

"We do not want to put all the eggs in one basket, Russia can continue to offer deposits, but we can not accept all proposals," the source said. "We invested enough in Russia, so there is no need to close the deal urgently. there are other attractive opportunities for investment. "

According to another source, "Indian oil companies told Rosneft they are not interested in buying and want to limit themselves to discussing the three fields."

According to the newspaper, the oil company Oil India is in talks with Rosneft on the acquisition of the Suzun, Tagul and Boat fields. The Russian company proposed the purchase of another five located in the same region. Development has not previously been conducted in any of the eight oil-bearing regions.

The publication points out that Rosneft's proposal for five additional fields and the subsequent refusal of them by the Indian side hampered the entire course of the talks. India is trying to diversify risks by distributing investments in oil and gas production in different regions of the world.

Earlier, Rosneft closed deals for a consortium of Indian companies - Oil India, Indian Oil and Bharat Petroresources - with a 23.9% stake in Vankorneft for $ 2 bln and a 29.9% stake in Taas-Yuryakhneftegazodobycha for $ 1.12 bln. As a result, the share of Indian state-owned companies in Vankorneft increased to 49.9%.