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Published 10 months ago

After BPCL, ONGC Signs Up HPCL For Sale Of Oil From Mumbai Offshore Fields

Summary by BQ
State-owned Oil and Natural Gas Corporation has signed an agreement to sell crude oil it produces from Mumbai offshore fields to HPCL—the second such agreement in as many months, as India's top oil and gas producer prefers term contracts over auctions where refiners hammer deep discounts.ONGC said it has inked a "term agreement with HPCL for sale of crude oil from Mumbai offshore" in a post on X, formerly known as Twitter. While it did not give…

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