Indian company ONGC Videsh Ltd. is interested in exploring for hydrocarbon deposits in the Arctic in cooperation with leading Russian companies, reports 'Arctic info' (Russian).
The announcement came in a joint statement adopted at the XIV Russian-Indian Summit, where talks were held by Russia’s President Vladimir Putin and Indian Prime Minister Manmohan Singh.
The partner of the Indian company could be Rosneft, suggests Arctic info.
During negotiations, the parties expressed their satisfaction with the dynamic development of cooperation between Gazprom and Indian companies to form long-term supply of LNG to India. In addition, it was agreed to look at the possibility of direct land transportation of hydrocarbons from Russia to India and the formation of a joint exploration group.
Source: Arctic info (Russian)