ONGC Plans To Boost Crude, Natural Gas Yield

ONGC Plans To Boost Crude, Natural Gas Yield

ONGC plans to raise crude oil production by four million tonnes (mt) and almost double natural gas output by 2020 to meet Prime Minister Narendra Modi’s target of cutting India’s import dependence by 10 per cent, chairman Shashi Shanker has said.

Natural gas price rises 16% to $2.89 per unit

Natural gas price rises 16% to $2.89 per unit

The domestic natural gas price has risen 16 per cent to $2.89 per unit in line with international rates, after falling in every six-monthly revision since the government launched a formula-based pricing three years ago.

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