Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corp (ONGC) through its subsidiary -- ONGC Videsh will be signing a memorandum of understanding (MoU) with Russia's biggest oil company Rosneft  to acquire the stake in two Siberian oilfields, including Vankor and Yurubcheno-Tokhomskoye fields.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.