Tiff between Russia and China

The announcement, made in Russia in the middle of last month, surprised the Russian and foreign energy circles. The bottom line is that Rosneft agreed with Indian investors about the sale of 50% of Vankorneft. During his visit to India, head of Rosneft Igor Sechin signed the relevant agreement and a protocol of intent.

According to media reports, the Indian company ONGC will receive the 26% stake, Oil India and other two companies - 23.9%. If the agreement is implemented, it is likely that the India's share will increase to 49.9%.

The total oil reserves of the Vankor deposit amount to 360 million tons. Initially, the Putin administration, strengthened the state control over natural resources, prudently regarded to the participation of foreign capital in the development of such large oil and gas deposits.

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