Ongc Budgeting

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INTRODUCTION

“Not only had India….set up his own machinery for oil exploration and exploitation….an efficient oil commission had been build where a large number of bright young men and women had been trained and they were doing good work.”

-Pandit Janwarlal Nehru to Lord Mountbatten, on ONGC (1959)

ONGC Group of Companies comprising of ONGC Limited, and its subsidiaries ONGC Videsh Limited (OVL), ONGC Nile Ganga BV (ONGBV) and Mangalore Refinery and Petrochemicals Limited (MRPL) organize Import/International Sale of Crude Oil, Export of Petroleum Products and Petrochemical Products through Tendering Procedure for all the Group Companies of ONGC. ONGC Group presents a lot of business opportunities to prospective Business Partners in the area of international sale/import of Crude Oil and Export of Petroleum Products and Petrochemical Products.

ONGC Group is one of the fast growing groups in the world and its parent company ONGC is the only fully-integrated petroleum company in India, operating along the entire hydrocarbon value chain. It is not only the largest E&P Company in India but also one of the most valuable companies in India. Moody's has assigned ONGC Baa1-highest ever credit rating to any Indian corporate. Highest ever profit company in India since last many years, it produces value added products like Naphtha from its own plants, which are available for export.

ONGC Videsh Limited (OVL) is an overseas arm of ONGC, engaged in Exploration & Production Activities. It trans-nationally operates E&P Business in various countries across the globe. OVL has so far, acquired several properties in more than 12 countries across the globe, and striving to reach out further OVL’s projects are spread out in Vietnam, Russia, Sudan, Iraq, Iran, Lybia, Syria, Myanmar, Australia, Brazil, Cuba and Ivory Coast. It is further pursuing Oil and gas exploration blocks in Algeria, Australia, Indonesia, Nepal, Iran, Russia, UAE and Venezuela. Nile Blend Crude Oil from its Sudan Project and SOKOL Crude Oil from its Sakhalin 1 Project in Russia are available for sale in International Market.

Mangalore Refinery and Petrochemicals Limited (MRPL), located in a beautiful hilly terrain north of Mangalore city on west coast of India, have a State of Art Grass root Refinery at Mangalore and is a subsidiary of ONGC. The Refinery has got a versatile design with high flexibility to process Crude oils of various API and with high degree of Automation.

MRPL has a design capacity to process 9.69 million metric tones per annum and is the only Refinery in India to have 2 Hydro crackers producing Premium Diesel (High Cetane). It is also the only Refinery in India to have 2 CCRs producing Unleaded Petrol of High Octane. Lately it is venturing into production of Petrochemicals Products (Mixed Xylene, Para Xylene, Propylene, Benzene) LOBS and Petroleum Coke, which are in addition to its production of the whole range of Petroleum Products ( Naphtha, Jet Kero, HSD/Gas Oil, FO, Reformat, etc.). In future, it has plans to expand its capacity. Currently all type of Petroleum Products viz. Naphtha, Jet Kero, HSD/Gas Oil, FO, Reformat, VGO and Mixed Xylene under Petrochemical Products are available for export.

ONGC is an organization which has joint ventures domestic as well International like:-

a.Domestic Joint Venture: - ONGC Tripura Power Company (P) Ltd. (OTPC)

Petronet LNG Limited

Petronet MHB Limited

Pawan Hans Helicopters Limited

b.Overseas Joint Venture: - ONGC - Mittal Energy Ltd.(OMEL)

ONGC - Mittal Energy Services Ltd. (OMSEL)

THE COMPANY

COMPANY HISTORY

1947 - 1960

During the pre-independence period, the Assam Oil Company in the northeastern and Attock Oil company in northwestern part of...
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