1.ONGC : People are piling onto it @ Rs. 168. hoping that higher crude prices will benefit it. Remember that in the past Govt has burdened it whenever there is a bonanza in crude. Also its has 3 projects in Russia which can be a millstone on its neck with the sanctions
2 Sakhalin-1 is a large oil and gas field in far-east ONGC Videsh had acquired 20% Participating Interest (PI) in Sakhalin-I on 31.07.2001. Exxon Neftegas Limited (ENL) holds 30% PI and is the operator; SODECO holds 30% & remaining 20% PI is held by Rosneft Subsidiaries.
3. ONGC Videsh acquired Imperial Energy Corporation Plc., an independent upstream oil Exploration and Production Company having its main activities in the Tomsk region of Western Siberia, Russia in January, 2009.
4. Vankor is Rosneft’s and also Russia’s one of the largest field by Production. ONGC Videsh acquired 26% equity. Other partners are Indian consortium of OIL-IOC-BPRL with 23.9% PI and Rosneft with 50.1% PI is the Operator. Source : ONGC website
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