Buy ONGC 15% “Vankorneft” can be approved by immediate Commission nonvertical

Buy ONGC 15% “Vankorneft” can be approved by immediate Commission nonvertical


MOSCOW. 15 February. The deal to buy the Indian company ONGC 15% share in “Vankorneft” – one of the largest mining projects of “Rosneft” – has a good chance of approval at the next meeting of the government Commission on control over foreign investments. About it told journalists the head of Federal Antimonopoly service Igor Artemyev.

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“We are now collecting data from all of our organizations, we will talk about the consolidated position. But, as far as I know, there are good prospects (for approval),” he said.

Artemyev noted that the date for the next meeting of the governmental Commission for control over foreign investments has not been determined. Answering the question about whether this deal be considered at the next meeting of the Commission, the head of FAS stated: “I think Yes, of course”.

“I think in the next few days these questions we will submit them to the government, and there already to solve the Medvedev (Prime Minister Dmitry Medvedev is the Chairman of the Commission on control over foreign investments) when to appoint a Commission”, – said the head of FAS.

Artemyev added that the government will not be pursuing approval of a transaction in absentia. “Absentee voting is a rarely used form. I don’t think she in this case will be applied, because it will need still some discussion to hold,” said he.