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Rosneft now chooses India over the Chinese ( Source- Russia & India Report / Author- Alexey Lossan, RIR)

Image credits- Wikimedia Commons / Author- A Savin Source- Russia & India Report Author- Alexey Lossan , RIR The state-owned ‘Rosneft,’ Russia's largest oil company, has decided to sell nearly half of the largest oil deposit in Eastern Siberia to Indian investors. The company has ceded 49.9% of "Vankorneft" shares to a consortium of Indian public sector oil majors. Of these, the Oil and Natural Gas Commission (ONGC) will get 26% of the shares, while 23.9% will go to Oil India Limited (OIL), Indian Oil Corporation (IOC) and Bharat Petroleum (BPL). ‘Vankorneft’ owns a deposit with 500 million tons of oil and condensate reserves and 182 billion cubic meters of gas, reports the Rosneft press service. All the necessary documents for the sale of deposits will be signed "in the shortest time possible,” the company press release said. Earlier, Chinese players were considered as potential investors. "India is a partner which is easier to negotia