New Delhi, Sept. 18 -- Oil India has recovered over 91% of its $1 billion investment in Russia's Vankorneft and Taas Yuryakh projects, receiving about $942 million in dividends, and expects full recovery in the coming financial year, its chairman and managing director (CMD) Ranjit Rath said.
Talking to reporters after the company's annual general meeting on Thursday, Rath said that about $330 million worth of dividends are currently stuck in its bank accounts in Russia, which is expected to be received in the next fiscal year.
"Your company maintains a strong presence in overseas producing and development assets across Russia, Venezuela and Mozambique through joint ventures. These assets contribute significantly to your company's reserv...
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