In India, state-owned companies were offered to think about buying out BP's stake in Rosneft

The Economic Times reported that the Indian government has already approached several state-owned oil companies with such a proposal.BP at the end of February announced its intention to sell a stake in Rosneft

The Ministry of Oil and Natural Gas of India has asked national energy companies with state participation to evaluate the possibility of buying from the British BP a stake in Rosneft that fell under Western sanctions . About this, citing two sources, writes the Indian edition of the Economic Times.

The Oil Ministry last week communicated its intention to ONGC Videsh, Indian Oil, Bharat Petro Resources, Prize Petroleum, a subsidiary of Hindustan Pertoleum, Oil India and GAIL.

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Neither the Indian government nor the companies commented on the possibility of buying a stake in Rosneft. BP did not comment on these messages to the Indian edition. RBC sent a request to the Ministry of Petroleum and Natural Gas of India, BP, as well as to Rosneft.

The Economic Times reports that a proposal to companies to evaluate the possibility of buying out a stake in Rosneft from BP was made after a meeting in March between the HEAD of the British company, Bernard Looney, and India's oil minister, Hardeep Singh Puri.

India is considered one of the largest consumers of oil in the world, imports account for about 85% of its total consumption. India needs 5 million barrels of oil every day.

Also, the newspaper writes, the ministry has approached OVL with a proposal to consider buying a 30% stake in the Sakhalin-1 Far East project from Exxon Mobile. OVL already owns 20% in this project.

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In March, Exxon announced the termination of work in RUSSIA, including the Sakhalin-1 project.

"One source said that Indian companies are looking to take stakes in Russian assets at discounted prices, given the risk involved," writes the Economic Times.

“The fear is that these investments could get stuck in Russia as sanctions could prevent us from supplying oil and gas to India,” one of the sources said.

The Board of Directors of the British BP announced on February 27 that the company is selling 19.75% of Rosneft, and BP Chief Executive Officer Bernard Looney and former head of the company Robert Dudley are immediately leaving the board of directors of Rosneft. BP also announced it was pulling out of three joint ventures with Rosneft in Russia.

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