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Sunday, July 24, 2016

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Indian Consortium to Pay $3.3bn in September to Rosneft for Recent Stake Buy in Russian Assets

Indian Oil Corporation (IOC), Oil India (OIL) and Bharat PetroResources (BPRL) will pay $3.3 billion to Rosneft’s in September for the recent stake purchase in latter’s energy assets. Earlier this year, the consortium of the three state owned energy firms bought 29.9 percent stake in Taas-Yuryakh...

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