ONGC plans to set up trading unit for crude, petroleum products

New Delhi: State-run Oil and Natural Gas Corp. (ONGC) is looking to set up a trading unit for oil & gas, petroleum products and petrochemicals produced by its group companies, according to a top official.

Trading would be the key step for oil and gas companies of the country, said Rajarshi Gupta, managing director of ONGC Videsh Ltd (OVL), the overseas arm of ONGC.

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