SENSEX
NIFTY
GOLD
USD/INR

Weather

image 30    C

Economy News

The Economic Times

Economy / The Economic Times

details

ONGC to enter oil trading, build strategic reserves as upstream remains core

ONGC plans to enter crude and petroleum product trading operations soon. A new strategic petroleum reserve will be built in Mangalore. Exploration and production remain ONGC's central strategic focus. The company will spend one lakh crore on deepwater drilling by 2031. This expansion aims to strengthen supply security and extract more value.

31 Aug 2026 8:55 pm