Oil & Natural Gas Corporation Ltd.

State-owned Oil and Natural Gas Corporation (ONGC) is planning to establish hydrocarbon-based urea fertiliser plant in Tripura after completion of Rs 3950 crore power project at Palatana in South Tripura district.

The gas-based thermal project at Palatana is expected to start generation by May next year. In addition, in the first phase 363.3 MW would be generated by May 2012 and three months later another 363.3 MW would be generated.

Recently, the company recorded sale of 620,000 barrels of Nile Blend crude for January loading at a record premium after a disagreement between the Sudanese governments over pipeline transit fees reduced supplies.