Government Committee for foreign investment might approve the purchase of 15% in Vankorneft by ONGC

​The Government Committee for foreign investment might consider a deal on the purchase of 15% of Vankorneft by ONGC at the next meeting.

The head of FAS, I. Artemiev, on Feb 15th 2016 said that the deal has god chances for approval.

Now FAS collects data from all its organizations and works out a consolidated policy.

Meanwhile the date of the next meeting of the Government Committee is not determined as yet.

In the coming days FAS will make its suggestions to the Government and the head of the Government Committee for foreign investment, D. Medvedev, will determine the date of the meeting.

In December 2015 I. Artemiev said that the deal might be considered by the Government Committee until the end of Feb 2016.

Mr. Artemiev is sure that the Government will not approve the deal by absent voting as it requires the additional discussion.