ONGC stated it additionally plans to leverage worldwide collaborations with reputed world majors for this, for which talks are in a complicated stage.
Nonetheless, it didn’t elaborate.
India is 85% depending on imports to fulfill its oil wants and half of the pure gasoline requirement is shipped from overseas. Discovering and producing extra oil and gasoline domestically will lower this reliance, serving to insulate the home market from volatility in worldwide vitality costs.
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