ONGC, OIL sign deal for crude oil export to N-E states.

State explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd. (OIL) have signed an agreement for transportation of crude oil in North Eastern states.

The two firms have signed the Crude Oil Transportation Agreement (COTA), OIL said in a statement.

The agreement formalised the long standing arrangement between these two companies to transport ONGC crude to the refineries in the North East through OIL's pipeline facility.

The pact was signed by OIL Director (Operations) S Rath and ONGC Director (Offshore) T K Sengupta on January 28, it added.


HBL