SENSEX
NIFTY
GOLD
USD/INR

Weather

image 35    C

Economy News

The Economic Times

Economy / The Economic Times

details

ONGC approves guarantee to MRPL to import crude oil from Saudi Aramco

ONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aramco for two years. The move addresses concerns over India's energy security and import costs. Renewed instability in West Asia impacts vital maritime trade routes. This ensures continued crude oil supply from a key overseas supplier.

28 Jul 2026 4:24 pm