Russian oil company Rosneft promotes a framework of integrated cooperation with Indian partners across the entire value chain, from the extraction of oil to the refining and distribution of oil products.

Since 2016, Indian companies (ONGC Videsh Ltd., Oil India Limited, Indian Oil Corporation, and Bharat Petroresources) own 49.9 per cent of the JSC Vankorneft subsidiary.

This Krasnoyarsk Territory-based enterprise is developing the Vankor oil and gas condensate field — the largest field discovered and brought online in Russia in the last 25 years (extracted AB1+B2 reserves amount to 286 million tonnes of oil and condensate and 103 billion cubic metres of gas).

Furthermore, a consortium of Indian companies (Oil India Limited, Indian Oil Corporation and Bharat Petroresources) owns 29.9 per cent in Taas Yuryakh Neftegazodobycha (other shareholders are Rosneft and BP), which holds licences to areas in the Central Block of the Srednebotuobinskoye field and the Kurungsky licence block (AB1C1+B2C2 reserves total 168 million tonnes of oil and condensate and 198 billion cubic metres of gas).

Since 2001, an Indian company ONGC Videsh Ltd. has been a member of the Sakhalin-1 project (with Rosneft, ExxonMobil, and Japanese consortium SODECO among other shareholders). In 2020, the project produced 12.4 million tonnes of oil and condensate and supplied more than 2.4 billion cubic metres of gas to consumers.

Cumulative payments to Indian partners and the dividends from joint projects amounted to $4.6 billion over the past five years.

https://www.energyinfrapost.com/rosneft-believes-indian-market-has-long-term-potential/