ONGC Inks Pact With HPCL To Share Infrastructure

New Delhi: Oil and Natural Gas Corporation Ltd (ONGC) and Hindustan Petroleum Corporation Ltd (HPCL) have forayed into a memorandum of understanding (MoU) to share infrastructure and expertise. The ONGC via its subsidiary MRPL and Tatipaka Refinery, will supply all grades of petroleum products to HPCL. HPCL, in turn, will give road and rail terminalling services from its Mangalore, Hassan & Devanagunthi units, LPG Import Facility at Mangalore (MLIF) and ATF handling facilities at Bangalore , Kozhikode and Goa.

Under the pact, HPCL will supply motor spirit and high speed diesel and extend infrastructure services ONGC-MRPL''s retail outlets. In turn, ONGC will source products (from its Tatipaka refinery) to HCPL customers in Visakhapatnam, Rajamundry, Vijayawada, Suryapet, Ghatkesar, Mumbai, Vashi, Loni, Hazarwadi and Pakni, for evacuation and marketing by HPCL. HPCL and ONGC willco-operate on training and development, and entry into oil exploration, refining, marketing, infrastructure development, petrochemicals and other energy-related ventures in India or abroad.