By Anastvatz on 2007-05-08 
Russia has offered India a one percent equity stake worth $1 billion in state-controlled oil firm Rosneft, the Financial Express said in an unsourced report on Tuesday.
India may ask a consortium led by ONGC Videsh Ltd., the overseas arm of Oil and Natural Gas Corp. (ONGC), to pick up the stake, the paper said without quoting a source.
An immediate comment was not available from spokesmen at the oil ministry and ONGC.
The paper said ONGC Videsh has a 20 percent stake in the Sakhalin-I oilfields in Russia, and said Indian firms were looking at bidding for Sakhalin-III, IV, V and VI projects. -neftegaz.ru
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
