ONGC hires RIL's offshore Mooring facility to export Naphtha
06 Jun '08
1 min read
Oil and Natural Gas Corporation Ltd.(ONGC) has entered into a contract with Reliance Industries Ltd. (RIL) to hire the latter's Single Point Mooring (SPM) facility on Arabian Sea off Hazira coast in Gujarat.
This SPM will be used by ONGC to export the Naphtha produced by its Hazira Plant in Gujarat. ONGC is a major producer of Naphtha in India with its Hazira Plant producing around a million tonnes of Naphtha every year.
The Naphtha produced at the Hazira plant of ONGC is mostly exported, after taking domestic demand into account.To facilitate this export, on expiry of existing contract, ONGC has entered into this new contract with fresh terms and conditions with better operational flexibility in obtaining windows and use of the SPM facility, owned and operated by RIL.
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