Oil India shortlists three for bridging loan

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The funding will support the borrower’s portion of $1.9 billion of debt being raised by Indian state-owned oil companies Bharat Petroleum Corp, Indian Oil Corp and Oil India to finance the joint acquisition from Rosneft of a 23.9% stake in JSC Vankorneft and a 29.9% stake in TYNGD, both of which operate oilfields in Siberia.

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