ONGC Gasoline Sale Agreements: The Oil and Pure Gasoline Company (ONGC) on Saturday signed fuel promoting agreements with GAIL India and Assam Gasoline Firm Ltd (AGCL), as per the PTI report.
The corporate has inked the settlement to monetise its upcoming discipline at Khubal in North Tripura district, an official mentioned on Saturday.
In keeping with the settlement, Khubal Gasoline Gathering Station (GGS) would provide 50,000 normal cubic metres of fuel every to GAIL and AGCL.
Khubal might be ONGC’s tenth producing discipline in Tripura as soon as it begins manufacturing. In keeping with the supply, Khubal GGS could have a capability to course of 0.44 MMSCMD (4,40,000 normal cubic meters) of fuel for which the method of development has already began, mentioned PTI.
“It marks a momentous event not only for ONGC, GAIL, and AGCL however for the folks of Northeast as properly, because it means extra fuel will discover its manner into industries and folks’s houses, positively impacting dwelling requirements,” asset supervisor of ONGC Tripura Tarun Malik mentioned.
“The GSA for fuel produced from wells of Khubal means extra than simply one other step within the relationship between ONGC and GAIL. It means the growing integration of the area with the remainder of the nation,” mentioned PTI citing R Choudhury, CGM-zonal head of GAIL.
GSA is a vital milestone within the lifecycle of any fuel enterprise, signifying commerciality for producers like ONGC, whereas guaranteeing the product reaches the tip customers by advertising and transportation intermediaries corresponding to GAIL and AGCL, PTI talked about.
In keeping with the officers, the Khubal fuel discipline is anticipated to start out manufacturing in 2024 with the commissioning of the Indra Dhanush Gasoline Grid Line (IGGL) pipeline. It is a vital and large-scale infrastructure venture for the fuel sector within the Northeast area, PTI mentioned.
