No affect on manufacturing, exploration ambitions: OIL India CMD on newest Ukraine assaults in Russia

Oil India Limited Chairman Ranjit Rath stated that there isn’t any affect on Russian belongings regardless of the Ukraine drone assault on the Russian oil refinery on Thursday (September 18, 2025), dividends unaffected.

“So far there was completely no affect to our Russian belongings and dividends are coming in as enterprise as ordinary,” said Chairman and Managing Director of state-owned exploration firm Oil India Limited Ranjith Rath in response to The Hindu’s question a few potential affect in mild of Ukraine’s assault.

“As far as manufacturing, or our exploration ambitions within the nation are concerned, we don’t foresee any points,” he said. 

Kyiv on Sunday (September 14, 2025) launched a large-scale drone assault on Russia’s northwestern area housing their huge Kirishi oil refinery, as the 2 nations have recurrently failed to achieve an deadlock on ending the two-year-long warfare, regardless of mediation from a number of world powers together with the U.S. and Europe.

OIL India has three belongings within the nation, which it’s working in joint ventures with a number of companions, together with Russian main Rosneft and PetroNeft Resources, amongst different companions, together with Indian downstream friends’ offshore items. 

Elaborating on his assertion about no affect, the Oil India chief said, “As far as our exploration ambitions are involved, we’re at present conducting seismic actions within the area. Drilling actions will occur one 12 months down the road.” 

$300 million in dividends caught 

Responding to a associated query, the Oil India chief knowledgeable that OIL’s share of $300 million in dividends is mendacity in Moscow. Speaking individually to The Hindu on the situation of anonymity, a senior government stated it was mendacity in an SBI-subsidiary in Moscow and was “completely protected”.

“All dividends accruing to us are deposited there and are completely protected,” he said, including, “OIL, our companions and the federal government is working collectively to make sure the funds will be transferred quickly.” 

The funds discover themselves owing as a result of a number of sanctions on Russia in transferring cash funds and sustaining accounts following its actions in Ukraine, which began in 2022.