ONGC Videsh to Launch Oil Trading Unit

  Published 10 months ago

ONGC Videsh plans an internal trading unit for the group’s crude and refined fuel sales, purchases strategically.

  • An internal group was formed to examine modalities, legal frameworks, and structures for the proposed trading unit.
  • ONGC produces 42 million tonnes annually; subsidiaries HPCL and MRPL import 45‑50 million tonnes each year globally.
  • Group controls 100 million tonnes of oil, enhancing market influence through integrated production and trading capabilities.

You might like these

ZEEL's Strategic Growth in Media Landscape

Paras Defence Q1 PBT Flat YoY

NCDEX Raises $88M for Equity Push

SJS Enterprises Stock Surges on Elara 'Buy' Rating

Goodyear India Reports Q4 Profit

Piramal Pharma Sells Idle Unit

Thakkar Moves to IAN Group as CEO

News that matters the most ⚡