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ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

ONGC Videsh Ltd, the overseas investment arm of the state explorer, signed agreements in Moscow to buy stake in the oil field in East Siberia for $1.35 bn.

 
 
Called 'Sahaj', the scheme can be availed of at the government's MyLPG.in portal, accessible via phones, tablets or desktops.

It will start from Raxaul, Bihar, to Amlekhgunj, Nepal, to supply petrol, diesel and jet fuel to the land-locked Himalayan Kingdom.
Softbank, Foxconn and Bharti Enterprises have already pledged to invest about $20 billion in solar projects in the country.
The prices were hit by soaring production and a slowdown in global buying, including from India and China which until recently have been pillars of strong demand.
 
 
Brent and US crude finished around 8 per cent lower on Tuesday to end a 25-per cent three-session surge, the largest three-day gain since 1990.
Both Brent and US crude prices dropped nearly $2 a barrel shortly after trading in Brent started on Tuesday before recovering later in the session.
Abu Dhabi currently provides 9 per cent of the country's energy needs, which also happens to be the world's fourth biggest oil consumer.

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