New Delhi: India's largest national oil explorer, Oil & Natural Gas Corporation Ltd (ONGC), has signed a Crude Oil Sales Agreement (COSA) with Mangalore Refinery and Petrochemicals Limited (MRPL), the largest single-location PSU refinery in the country. The agreement, signed by representatives from both entities, facilitates the sale and purchase of crude oil and is effective until March 31, 2024.

Representing ONGC were Shri Sanjay Kumar, ED Marketing, and Ms. Payal Bhambri, DGM Finance. MRPL was represented by Shri Sanjay Varma, MD; Shri Vivek Tongaonkar, Director of Finance; Shri BHV Prasad, Executive Director of Projects; Shri Shyamprasad Kamath, Executive Director of the Refinery, along with other senior officers.

This agreement between the two group companies is expected to bring synergy and streamline the sale and purchase transactions of crude oil from ONGC's fields in Mumbai High.

/BI