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ONGC to enter oil trading, build strategic reserves as upstream remains core
ONGC plans to enter crude and petroleum product trading operations soon. A new strategic petroleum reserve will be built in Mangalore. Exploration and production remain ONGC's central strategic focus. The company will spend one lakh crore on deepwater drilling by 2031. This expansion aims to strengthen supply security and extract more value.
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thehindubusinessline.com
ONGC plans oil trading unit, 1.75 million tonne strategic reserve
ONGC plans an oil trading unit by year-end and a 1.75 million tonne strategic petroleum reserve in Mangalore to strengthen supply security.
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economictimes.indiatimes.com
ONGC to invest $10.51 billion for deepwater exploration, says chairman
Oil and Natural Gas Corporation plans a significant investment over five years. The company will explore local deepwater and ultradeep water fields. ONGC intends to drill…
