Oil and Natural Gas Corporation Ltd (ONGC) recently signed a Crude Oil Sales Agreement (COSA) with Mangalore Refinery and Petrochemicals Limited (MRPL), one of the largest single-location PSU refinery in India.
As reported by Mangalorean, the agreement facilitates the buying and selling of crude oil between the two organisations. Effective until March 31, 2024, the partnership aims to enhance coordination and optimize the process of crude oil transactions originating from ONGC’s fields in Mumbai High.
