Economic TimesLean R·
Hormuz crisis lifts ONGC oil business
New Delhi: Higher oil prices sparked by the Hormuz crisis may have lifted the fortunes of Oil and Natural Gas Corporation's (ONGC)'s oil exploration business, but its petrochemical unit is facing adverse conditions as feedstock prices go through the roof, a senior ONGC official said. "The feedstock is linked with international prices of gas and naphtha. With the Hormuz crisis happening, our calculations may have gone wrong," the official told ET.The Dahej complex runs on natural gas and naphtha…
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