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MOSCOW. (Igor Tomberg for RIA Novosti) -...
President Putin's personal intervention, Moscow made a political decision on OVL's involvement in the Sakhalin-1 project. In effect, OVL's 20% stake in the Sakhalin-1 oil field is India's only real project in Russia. At one time, OVL promised to invest $25 billion into Russia's oil-and-gas industry, but has not paid a cent so far. Having spent more than $40 billion on oil imports in 2006, India has been futilely trying to increase its share in Russia's oil and gas industry for a long time.On the eve of Putin's recent visit to New Delhi, many experts believed that India demanded a share in Russia's oil-and-gas sector in exchange for political loyalty and expansion of military-technical cooperation (MTC). In particular, Delhi wants to link the signing of major bilateral MTC contracts with OVL's involvement in the Sakhalin-3 project, and the development of the Vankor deposit.
Experts think that the Indian company has good chances
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