‘As long as it’s economical’: ONGC to keep buying Russian oil

ONGC group refineries will continue purchasing Russian oil as long as it remains financially viable, according to Chairman Arun Kumar Singh. Subsidiaries MRPL and HPCL have been steady buyers, with no US sanctions or Indian restrictions currently in place. The company is also open to acquiring overseas upstream assets and anticipates production from its Mozambique gas project by 2028. ONGC group refineries will continue purchasing Russian oil as long as it remains financially viable, according to Chairman Arun Kumar Singh. Subsidiaries MRPL and HPCL have been steady buyers, with no US sanctions or Indian restrictions currently in place. The company is also open to acquiring overseas upstream assets and anticipates production from its Mozambique gas project by 2028.