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 Corporate - New Projects


ONGC to tie up with Cairn Energy

Our Bureau

Kolkata, Jan. 18

ONGC will enter into an MoU and crude oil sales agreement with Cairn Energy for setting up a 7.5-million-tonne refinery in Rajasthan in a joint venture next week.

The proposed refinery will refine 5 mt of crude produced from Cairn's Barmer oil field and 2.5 mt of ONGC's production in the Western coast.

The CEO of Cairn Energy is scheduled to visit India next week to strike the agreements with ONGC and MRPL. The latter is the implementing agency in the refinery project.

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