Rosneft closes deal to sell a Vankor stake to ONGC for $930 million

Igor Sechin (L), chief executive of Russia's top oil producer Rosneft, and Narendra Verma, managing director of ONGC Videsh Limited (OVL), attend an exchange of agreements event after the India-Russia Annual Summit in Benaulim, in the western state of Goa, October 15, 2016. Sputnik/Kremlin/Mikhail Metzel via REUTERS

MOSCOW (Reuters) - Russia's oil giant Rosneft said on Friday it closed the deal to sell a 11 percent stake in the Vankor project to India's top oil explorer ONGC for $930 million. ONGC's stake in the project reached 26 percent following the deal, Rosneft said in a statement. (Reporting by Katya Golubkova; writing by Maria Tsvetkova)