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05 December 2008 The on-line newspaper devoted to the world of transports 13:14 GMT+1



May 27, 2004

MRPL foraying into shipping

Rakesh P Sharma / Mumbai May 27,2004

A year after Oil & Natural Gas Corporation (ONGC) took over Mangalore Refineries and Petrochemicals Ltd (MRPL), it is planning to foray into the shipping and petrochemicals businesses.

R S Sharma, ONGC’s director, finance, said: "Oil companies the world over are integrating their business. A foray into shipping and petrochemicals is very much on the cards. A decision on this will be taken within three months." At present, ONGC uses charter ships for shipping crude from the Persian Gulf, mostly from Iran and Saudi Arabia, to Mangalore ......
Read more on Business Standard





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