New Delhi : As the US and Europe try to isolate Moscow over its action in Crimea, Russian President Vladimir Putin’s trusted lieutenant Igor Sechin courted top Indian officials, offering to ship its vast crude reserves and stakes in oil& gas acreages.
Sechin, who heads Rosneft, Russia’s biggest oil company, led a delegation of about two-dozen officials to meet Oil Secretary Saurabh Chandra seeking to expand ties with New Delhi.
“India is a very important country for Russia. We have a very efficiently run project with ONGC…now we want to expand our cooperation,” Sechin told PTI.
The Russian state oil major offered ONGC a stake in nine offshore oil and gas blocks in the Barents Sea and one in the Black Sea. Meanwhile, Oil and Natural Gas Corp (ONGC) said it will invest Rs 2,477 crore in additional development of its Vasai East field in the Arabian Sea.