Petroleum,Petroleum sector projects by Oil and Natural Gas Corporation Limited in
Project Information
5160
Oil and Natural Gas Corporation Limited
Oil and Natural Gas Corporation has signed a crude oil sale agreement with Mangalore Refinery and Petrochemicals Ltd (MRPL). The agreement covers the supply of Mumbai High crude from JNPT and offshore platform to MRPL. The approximate value of the crude oil to be supplied from ONGC over a five-year period is Rs 38,500 crore. The manner in which the agreement was worked out further cements the strict corporate governance practised by ONGC, as the agreement was closed at ‘arm’s length’ and on par with the regulations applicable to oil marketing companies. The agreement was approved by the managements of both the companies
Project Value
Refer document
Pre Project Activities Underway
Not Specified
India
Petroleum,Petroleum
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