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India’s ONGC to keep buying Russian oil if prices economical, chair says

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The logo of Oil and Natural Gas Corp’s (ONGC) is pictured along a roadside in Ahmedabad, India. Photo: Reuters
The logo of Oil and Natural Gas Corp’s (ONGC) is pictured along a roadside in Ahmedabad, India. Photo: Reuters
By Reuters
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NEW DELHI: Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices.

“There is no sanctions on Russian oil as of now. We will continue to buy unless the government decides otherwise,” said A K Singh, chairman of ONGC.

ONGC’s two units Hindustan Petroleum Corporation Ltd and Mangalore Refinery and Petrochemicals Ltd regularly buy Russian oil for their refineries.

India India's ONGC Oil and Natural Gas Corporation Hindustan Petroleum Corporation

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