May 31, 2016 / 12:57 PM / 3 years ago

Russia's Rosneft says completes deal to sell 15 percent in Vankor oilfield to ONGC

The logo of Russia's top crude producer Rosneft is seen on a gasoline station near a church in Stavropol, southern Russia, December 9, 2014. REUTERS/Eduard Korniyenko/Files

MOSCOW (Reuters) - Russia’s largest oil producer Rosneft said on Tuesday it has completed the deal to sell a 15 percent stake in Vankor oilfield in East Siberia to ONGC for $1.27 billion.

The deal was initially signed in September 2015.

Vankor, launched in 2009, produces around 440,000 barrels of oil per day. The field is a source of Russian oil supply to China.

In March, ONGC also signed an initial deal to raise its stake in Vankor to 26 percent from 15 percent.

Reporting by Vladimir Soldatkin and Katya Golubkova

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