Oil & Natural Gas Corporation Ltd.

BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
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ONGC signs crude oil sales agreement with Indian Oil Corporation

Date: 10-10-2019

Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOCL) have signed Crude Oil Sales Agreement (COSA) for North East (NE) on October 01, 2019 at New Delhi. The COSA is with effect from April 01, 2018 and for a term of 5 years with provision for extension of tenure by 3 years.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.