Oil & Natural Gas Corporation Ltd. :  Futures  ( )

Oil & Natural Gas Corporation (ONGC) is into exploration and production of oil and gas, both onshore and offshore. It was set up in 1956 and converted into a public limited company on June 23, 1993. Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, production, refining, marketing, and transportation of oil and natural gas in India and internationally. The company?s products primarily comprise crude oil, natural gas, liquefied petroleum gas, naphtha, ethane/propane, aromatic naphtha, kerosene oil, high speed diesel, motor spirit, and aviation turbine fuel. It also owns and operates oil and natural gas pipe lines. The company is based in Dehradun, India. ONGC has planned a Rs 77.5 billion revamp of onshore pipelines and installations and approved a Rs 23.5 billion investment in Assam. It registered five oil and gas discoveries on the East Coast and Northeast in May 2007. ONGC aims to produce 25 million metric standard cubic meters per day of gas from the Krishna Godavari basin by 2012-2013 from the estimated available 6 trillion cubic feet of gas reserves. It signed a feedstock supply agreement with Brahmaptura Cracker and Polymer (BCPL) for the Assam gas cracker plant being set up in Lepetkata, Dibrugarh and a memorandum of understanding with British Pertoleum to jointly undertake oil and gas exploration and production projects in India and abroad. An agreement with Hindustan Petroleum Corporation (HPCL) enables its Tatipaka refinery and MRPL (subsidiary) to supply petroleum products to HPCL.

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