Indian ONGC Set to Keep Stake in Russia’s Sakhalin-1 Oil Projec
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ONGC is set to retain its 20% stake in the Sakhalin-1 oil project in Russia, as the Kremlin has permitted the company to pay its abandonment fund contributions in rubles using frozen dividends. This decision reflects a strategic move by ONGC to maintain its investment amidst geopolitical tensions.
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India’s Oil and Natural Gas Corporation Limited (ONGC) is moving to keep its 20% stake in the Sakhalin-1 oil project in Russia after the Kremlin allowed the Indian state-run company to pay its contribution to the project’s abandonment fund in rubles from the frozen dividends it is due, sources with knowledge of the plans told Reuters on Friday. ONGC Videsh, the overseas unit of Oil and Natural Gas Corporation Limited (ONGC), has a 20% interest in the project, but contribution to the abandonment fund, one used for decommissioning…
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المقال الأصلي منشور بواسطة OilPrice.com في 5 ديسمبر 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.