March 2017 Current Affairs
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS

February 2017 Current Affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
NEWS

January 2017 Current Affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current Affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

Indian oil firms sign $4.2 Billion deals with Rosneft

Indian oil firms sign $4.2 Billion deals with Rosneft
17 March 2016 Current Affairs: India's public sector oil companies led by Oil and Natural Gas Corporation's (ONGC) foreign arm ONGC Videsh Limited (OVL) on Wednesday inked pacts to buy stakes in two lucrative Russian oilfields in Siberia for an estimated $4.2 billion (around Rs 28,253 crore).Russia's national oil company Rosneft, which needs to pay off debts incurred in its $55-billion acquisition of TNK-BP in 2013, is selling almost half of its most promising assets to Indian firms in the deal.Under the agreements, OVL will increase its stake in Rosneft's Vankor project to 26 per cent while Oil India Limited (Oil), Indian Oil Limited (IOL) and Bharat Petroresources will buy up to 23.9 percent between them in the same field.Vankor has recoverable reserves of 2.5 billion barrels. Indian public sector oil companies are expected to get access to about 12 million tonnes of oil a year once they complete acquisition of the 49.9-per cent stake of Rosneft, the world's top listed oil producer by output.The agreements were signed in the presence of petroleum minister Dharmendra Pradhan on the second day of Rosneft chief executive officer Igor Sechin's two-day visit to India.Once the deals go through, Rosneft will retain 50.1-per cent stake in Vankor while Indian companies will hold 49.9 per cent. Acquisition is subject to relevant Board, government and regulatory approvals and expected to close by September 2016.Rosneft holds 80 per cent shares while BP PLC (UK) holds 20 per cent in TYNGD through their respective subsidiaries. TYNGD produced 20,000 barrels of oil per day (bopd) with expected peak production of 100,000 bopd by 2021.Rosneft also said it had made progress in talks with Essar Oil Ltd towards a deal to buy a 49% stake in the Indian company and an announcement is likely by June. Essar Oil operates the country’s second biggest private sector oil refinery at Vadinar in Gujarat.


March 2017 Current affairs
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
NEWS




January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.