Oil India Ltd
LeaveRussia detail: Withdrawal
Oil India Limited is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas.
Decision trail
Decision date 10/02/2026 · Reference ↗
Oil India Ltd (OIL) has appointed legal and tax consultants to explore ways to repatriate its $150 million in dividend stuck in Russia. State-owned Oil India Limited has been unable to transfer $300 million in dividends from its investments in Russian oil companies recently hit by US sanctions. In a significant strategic move, the board approved the divestment of its 50% stake in the non-producing Licence-61 asset in Russia. The asset, held via a Dutch subsidiary, has seen suspended production since August 2022. The exit process is expected to take about 18 months. OIL clarified it remains invested in its other producing Russian assets, Vankorneft and Taas Yuryakh.
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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