RusEnergy

08 May 2007 - Upstream OnLine - The Russian government has offered India a 1% equity stake in state-run oil outfit Rosneft, according to reports. The stake is worth about $1 billion, Indian newspaper the Financial Express reported, citing an unnamed source. The Indian government may ask a consortium led by Oil & Natural Gas Corporation’s foreign investment arm, ONGC Videsh, to pick up the stake, the paper said.