Russia approves ONGC's $1.3 bn Vankor stake deal
The Russian government has approved a deal for Oil and Natural Gas Corporation (ONGC) to acquire a 15% stake in the Vankor oilfield for $1.3 billion from Russian oil major Rosneft, the Interfax news agency reported on Thursday. Earlier this month, ONGC had signed an initial deal to raise its stake in Vankor to 26% from 15%.