08.20.06
ONGC planning two refineries
ONGC planning two refineries
NEW DELHI: ONGC, the country’s largest oil producer, is planning to build two refineries, minister of stole for petroleum and natural gas Dinsha Patel said on Thursday. ONGC has been trying to boost its refining capacity to ensure better margins and make up for a fall in domestic crude output. Patel said ONGC is examining the feasibility of setting up a refinery in Kakinada. It’s also exploring the techno-economic feasibility of setting up a well head refinery for processing crude oil discovered by Cairn Energy and ONGC in Rajasthan.