ONGC Videsh to Launch Oil Trading Unit

  Published 9 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.

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