stake in Mozambique gas field for USD1bn 2) Stakes in Russian oil fields for USD1.1bn and 3) 43.63% stake increase in NRL for Rs69.9bn (USD937mn). OINL has already recouped 60% of its Russian investment in last four years. While NRL investment will be value accretive given excise benefits and expansion plans. Mozambique asset is one of the world's largest discovery, but has been delayed due to political tension. With spot LNG prices recovering sharply as economies...