Economic TimesLean R·
ONGC shifts to gas-led oil firm model
State-run Oil and Natural Gas Corporation (ONGC) is repositioning itself as a more gas-focused energy producer, with Chairman and CEO Arun Kumar Singh saying the company should increasingly be viewed as a “gas and oil” firm rather than an “oil and gas” company.Singh told analysts that natural gas production has already surpassed crude oil output in ONGC’s portfolio, marking a structural shift in the company’s production mix.“Gas is now slightly more than oil in our portfolio,” he said, adding t…
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