Rosneft , the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp (ONGC) to supply oil to India over the long term, the Russian state-controlled company said on Tuesday
Rosneft , the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp ( ONGC ) to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.
It said both companies, which work together on Russia's Sakhalin-1 project, may also join forces in Rosneft's yet-to-be built liquefied natural gas plant in the far east of Russia to the benefit of Indian consumers of LNG.
Rosneft, which is increasing oil flows to Asia to diversify away from Europe, did not provide any additional details but said it had discussed potential cooperation with Reliance Industries and Indian Oil .
ONGC stock price
On March 25, 2014, Oil and Natural Gas Corporation closed at Rs 320.10, down Rs 1.1, or 0.34 percent. The 52-week high of the share was Rs 353.00 and the 52-week low was Rs 234.40.
The company's trailing 12-month (TTM) EPS was at Rs 24.07 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 13.3. The latest book value of the company is Rs 145.47 per share. At current value, the price-to-book value of the company is 2.20.
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