Oil and Natural Gas Corporation (ONGC) has signed Memorandum of Understanding (MoU) with Kuwait Petro for exploration and production. Moreover, Kuwait Petro is keen of buying stake in ONGC Petro additions (OPaL) and ONGC Mangalore Petrochemicals (OMPL).
OPaL, a multi billion joint venture company is setting up a grass root mega Petrochemical project at Dahej, Gujarat in PCPIR/SEZ, while OMPL, a company promoted by ONGC is setting up an aromatic complex along with Mangalore Refineries & Petrochemical (MRPL) at Mangalore in Mangalore Special Economic Zone (MSEZ) adjacent to the existing MRPL refinery.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
OPaL, a multi billion joint venture company is setting up a grass root mega Petrochemical project at Dahej, Gujarat in PCPIR/SEZ, while OMPL, a company promoted by ONGC is setting up an aromatic complex along with Mangalore Refineries & Petrochemical (MRPL) at Mangalore in Mangalore Special Economic Zone (MSEZ) adjacent to the existing MRPL refinery.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
No comments:
Post a Comment