India's ONGC eyes petrochemicals trading, ethane shipping in diversification beyond upstream

India’s ONGC Ltd is embarking on a series of expansion projects to boost its footprint in petrochemicals trading, as well as energy logistics and shipping, helping the state-run company to diversify its portfolio beyond oil and gas production, company sources said on May 27 and May 28. Although ONGC is confident about sustained growth in demand for both transport fuels in India for a couple ofIndia’s ONGC Ltd is embarking on a series of expansion projects to boost its footprint in petrochemicals trading, as well as energy logistics and shipping, helping the state-run company to diversify its portfolio beyond oil and gas production, company sources said on May 27 and May 28. Although ONGC is confident about sustained growth in demand for both transport fuels in India for a couple ofRead More