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INDIA'S ONGC TO SHIP FIRST SAKHALIN-I OIL TO MANGALORE IN DEC.
NEW DELHI, Nov 1 Asia Pulse - State-run Oil and Natural Gas orporation (ONGC) (BSE:500312) will ship its first ever crude oil from Russia's Sakhalin-I project to Mangalore in the first week of December and will sell two other cargoes to ExxonMobil of US.
"Our entitlement from Sakhalin-I is three parcels of 700,000 barrels each in October-December. The first cargo will be processed at ONGC's subsidiary Mangalore Refinery and Petrochemicals Ltd, while two other would be sold to ExxonMobil," a company official said.
The first parcel of 90,000 tonnes is expected at Mangalore port around December 2, he said. ONGC Videsh Ltd, the overseas arm of ONGC, will get 2.4 million tonnes of crude in 2007 from Sakhalin-I in lieu of its 20 per cent stake in the project.
Sakhalin-I project will reach the peak rate of 12 ...
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- News wire article from: PTI - The Press Trust of India Ltd. December 2, 2006 700+ words
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- News wire article from: PTI - The Press Trust of India Ltd. October 31, 2006 700+ words
ONGC to ship first Sakhalin-I oil to Mangalore...Gas Corporation (ONGC) will ship its first...oil from Russia's Sakhalin-I project to Mangalore...the overseas arm of ONGC, will get 2.4...crude in 2007 from Sakhalin-I in lieu of its...
Source: HighBeam Research, INDIA'S ONGC TO SHIP FIRST SAKHALIN-I OIL TO MANGALORE IN DEC.