Oil India has retrieved $942 million from its $1 billion investment in Russian oil and gas assets, reflecting a 91% return through dividend payouts. The remaining amount is expected to be recovered in the coming fiscal year, solidifying the company's global energy footprint.
Oil India, in collaboration with ONGC Videsh and Bharat Petro Resources Ltd, invested $1 billion for a 23.9% stake in JSC Vankorneft and 29.9% stake in LLC Taas-Yuryakh. Both entities are subsidiaries of Rosneft, Russia’s national oil company.
The investment has yielded $942 million in dividends to date, with approximately $330 million still held in Russian bank accounts due to current local restrictions. Full recovery is anticipated in the next financial year.
The company has sustained a robust presence in overseas energy ventures. In FY24-25, cumulative production from these foreign operations reached 2.097 million metric tonnes of oil equivalent (mmtoe), largely from Russia. These assets have been instrumental in enhancing Oil India's production and reserve base, delivering stable outputs amid global energy volatility.
Operationally, Oil India achieved a historic milestone by reaching 6.710 mmtoe in total oil and gas output during FY25. Natural gas production stood at 3,252 million metric standard cubic metres (mmscm) while crude oil output increased by nearly 15% in 3 years to reach 3.458 million metric tonnes.
For FY26, capital expenditure is projected at around ₹17,000 crore, doubling from the ₹8,500 crore mark in the previous fiscal. The company targets a cumulative spend of ₹1.3 trillion by 2030.
Read More: Oil India Targets 7.5 MMT Output in FY26, Boosts Refinery and Gas Expansion Plans!
Oil India's commitment to global diversification includes its investment in Mozambique’s LNG facility, projected at 13.12 million metric tonnes per annum. With security improvements in the region, construction is expected to resume in the second half of 2025, strengthening India's position in the global gas market.
On September 23, 2025, Oil India share price opened at ₹409.60 on NSE, above the previous close of ₹409.25. During the day, it surged to ₹411.00 and dipped to ₹405.15. The stock is trading at ₹406.40 as of 12:50 PM. The stock registered a moderate decline of 0.70%.
Over the past week, it has moved up by 0.71%, over the past month, it has moved up by 2.26%, and over the past 3 months, it has declined by 13.61%.
Oil India’s near-complete recovery of its Russian investment showcases its effectiveness in international energy projects. Strong operational gains and strategic global expansions continue to support the company's growth vision.
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Published on: Sep 23, 2025, 2:50 PM IST
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