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NEW DELHI, Dec 1 Asia Pulse - State-run Oil and Natural Gas Corp (ONGC) (BSE:500312) has received the first shipment of Sakhalin-I crude oil from Russia at its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL).
"Tanker Viktor Titov has arrived at Mangalore port. A formal function marking the arrival of the 100,000 tonnes of crude from Yuzhno-Sakhalinsk will be held on Saturday," a company official said.
ONGC Videsh Ltd, the overseas arm of ONGC, holds 20 per cent stake in the Sakhalin-I project, which is operated by ExxonMobil.
"Our entitlement from Sakhalin-I is three parcels of 700,000 barrels each in October-December. The first cargo will be processed at MRPL, while two others would be sold to ExxonMobil," he said.
ExxonMobil holds ...
Source: HighBeam Research, INDIA'S ONGC RECEIVES FIRST OIL SHIPMENT FROM SAKHALIN-I.