New Delhi, Sept. 18 -- State-run Oil India Limited (OIL) is exploring options to repatriate about USD 300 million in dividend income currently held at the State Bank of India's Moscow branch, with the company considering routes to transfer the funds either to India or Singapore.

While talking with reporters after company's Annual General Meeting on Thursday, Oil India Chairman and Managing Director (CMD) Ranjit Rath said discussions are underway to find a route for transferring the funds and stressed that the company is not concerned over the pending repatriation.

"We have about 300 million US dollar dividend in SBI branch of Moscow. So it has not yet been repatriated but we are not concerned because it is a work in progress where discu...