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ONGC agrees to remove marketing margin; refuses to lower gas price

ONGC agrees to remove marketing margin; refuses to lower gas price Zukiman Mohamad State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents. ONGC, India s top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic meters per day of gas from its KG-DWN-98/2 block (KG-D5). The company asked bidders to quote a rate linked to prevailing Brent crude oil prices. It fixed the floor or minimum rate at 10.5 per cent of the three-month average Brent crude oil price. On top of it, the firm sought USD 0.20 per million British thermal unit.

East godavariAndhra pradeshUnited kingdomReliance industries ltdNatural gas corporationBp plc of united kingdomState owned oilReserve gas priceEast west pipelineDated brentDated brent priceJapan koreaGas priceMarketing marginகிழக்கு கோதாவரிஆந்திரா பிரதேஷ்

ONGC agrees to remove marketing margin, but refuses to lower gas price

State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents. ONGC, India s top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic meters per day of gas from its KG-DWN-98/2 block (KG-D5). The company asked bidders to quote a rate linked to prevailing Brent crude oil prices. It fixed the floor or minimum rate at 10.5 per cent of the three-month average Brent crude oil price. On top of it, the firm sought USD 0.20 per million British thermal unit.

East godavariAndhra pradeshUnited kingdomReliance industries ltdNatural gas corporationBp plc of united kingdomState owned oilReserve gas priceWest pipelineDated brentDated brent priceJapan koreaகிழக்கு கோதாவரிஆந்திரா பிரதேஷ்ஒன்றுபட்டது கிஂக்டம்நம்பகத்தன்மை தொழில்கள் லிமிடெட்

ONGC removes marketing margin but refuses to lower gas price

ONGC removes marketing margin but refuses to lower gas price SECTIONS Last Updated: May 13, 2021, 02:45 PM IST Share Synopsis The company asked bidders to quote a rate linked to prevailing Brent crude oil prices. It fixed the floor or minimum rate at 10.5 per cent of the three-month average Brent crude oil price. On top of it, the firm sought USD 0.20 per million British thermal unit. ONGC, India s top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic meters per day of gas from its KG-DWN-98/2 block (KG-D5). ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents.

East godavariAndhra pradeshUnited kingdomReliance industries ltdNatural gas corporationBp plc of united kingdomState owned oilReserve gas priceWest pipelineDated brentDated brent priceJapan koreaகிழக்கு கோதாவரிஆந்திரா பிரதேஷ்ஒன்றுபட்டது கிஂக்டம்நம்பகத்தன்மை தொழில்கள் லிமிடெட்

ONGC seeks buyers for KG gas, wants minimum $6 6 price

ONGC seeks buyers for KG gas, wants minimum $6 6 price
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

United kingdomReliance industries ltdBp plcNatural gas corporationBp plc of united kingdomState owned oilJapan koreaஒன்றுபட்டது கிஂக்டம்நம்பகத்தன்மை தொழில்கள் லிமிடெட்பிபி ப்ல்இயற்கை வாயு நிறுவனம்பிபி ப்ல் ஆஃப் ஒன்றுபட்டது கிஂக்டம்நிலை ஓஂட் எண்ணெய்ஜப்பான் கொரியா

State-owned ONGC seeks buyers for KG gas, wants minimum $6 6 price

State-owned ONGC seeks buyers for KG gas, wants minimum $6 6 price
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

United kingdomBp plcReliance industries ltdNatural gas corporationBp plc of united kingdomState owned oilJapan koreaஒன்றுபட்டது கிஂக்டம்பிபி ப்ல்நம்பகத்தன்மை தொழில்கள் லிமிடெட்இயற்கை வாயு நிறுவனம்பிபி ப்ல் ஆஃப் ஒன்றுபட்டது கிஂக்டம்நிலை ஓஂட் எண்ணெய்ஜப்பான் கொரியா