Gas Price Hike Boosts Upstream Companies' Profits: Report
The more than doubling of natural gas and oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries
Source: ndtv.com
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The more than doubling of natural gas and oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries
ONGC is likely to see a $3 billion rise in its annual earnings while Reliance Industries may get $1.5 billion more in revenue
ONGC has issued separate tenders seeking buyers of 0.02 million standard cubic meters per day of coal-bed methane it plans to produce from the North Karanpura CBM block in Jharkhand and 0.1 mmscmd from Khubal field in Tripura.