<article>The Russian government has approved a deal for <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Oil+and+Natural+gas+Corp.+Ltd">Oil and Natural gas Corp. Ltd (ONGC)</a> to acquire a 15% stake in the Vankor oilfield for $1.3 billion from <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Rosneft">Rosneft</a>, the Interfax news agency reported on Thursday citing Anti-Monopoly Service head Igor Artemyev.</article>

The Russian government has approved a deal for <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Oil+and+Natural+gas+Corp.+Ltd">Oil and Natural gas Corp. Ltd (ONGC)</a> to acquire a 15% stake in the Vankor oilfield for $1.3 billion from <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Rosneft">Rosneft</a>, the Interfax news agency reported on Thursday citing Anti-Monopoly Service head Igor Artemyev.
Vankor, launched in 2009, produces around 440,000 barrels per day. The field is a source of Russian oil supply to China.
This month, ONGC signed an initial deal to raise its stake in Vankor to 26% from 15%, while the other three companies could together pick up 23.9%.
If the deals go through, Rosneft will retain 50.1% of Vankor.
The deals will help India secure access to Russia’s oil output, while Rosneft will gain access to the Indian market.
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<h4 style="text-align: justify;">Reuters</h4>

The Russian government has approved a deal for Oil and Natural gas Corp. Ltd (ONGC) to acquire a 15% stake in the Vankor oilfield for $1.3 billion from Rosneft

ONGC’s $1.3b Vankor stake purchase gets Russia nod

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ONGC’s $1.3b Vankor stake purchase gets Russia nod

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