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ONGC approves guarantee to MRPL to import crude oil from Saudi Aramco
ONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aramco for two years. The move addresses concerns over India's energy security and import costs. Renewed instability in West Asia impacts vital maritime trade routes. This ensures continued crude oil supply from a key overseas supplier.
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economictimes.indiatimes.com
ONGC approves guarantee to MRPL to import crude oil from Saudi Aramco
ONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aramco for two years. The move addresses…
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thehindu.com
ONGC approves parent guarantee of $500 million for MRPL to import crude from Saudi Aramco
ONGC grants $500 million guarantee for MRPL to import crude oil from Saudi Aramco, valid for two years.