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Rosneft's Sechin says sells Vankor stake to Indian consortium for more than $2 bln

Tue, 21st Jun 2016 17:49

MOSCOW, June 21 (Reuters) - Igor Sechin, the head ofRussia's top oil producer Rosneft, said the companyhas sold a more than 20 percent stake in Vankorneft to an Indianconsortium for more than $2 billion.

He was speaking to the Rossiya-24 TV channel on Tuesday.

In March, Indian Oil Corporation, Bharat PetroResources Ltd, the exploration arm of Bharat PetroleumCorporation Ltd, and Oil India Ltd signed aan agreement to buy a 23.9 percent stake in Vankorneft, aRosneft subsidiary which is developing the Vankor field ineastern Siberia.

(Reporting by Vladimir Soldatkin; Editing by Susan Fenton)

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