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ONGC to invest Rs.1,21,318 crore by FY12

Tuesday, 26 Jun 2007
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Oil & Natural Gas Corporation is planning to invest Rs.1,21,318 crore in the XI Plan period (2007-12).

ONGC Videsh (OVL), the overseas investment company of ONGC will invest Rs.45,334 crore by 2012 and the group company MRPL will invest Rs.8,316 crore.

ONGC's crude oil production went up by 9 per cent to 26.05 million tpa in 2006-07 (from 24.4 million tpa) and the natural gas production was unchanged at 22.44 billion cubic metres. The company is looking at a production of over 140 million tpa of crude oil during the XI Plan and 112 billion cubic metre of natural gas.

Also See:

ONGC to invest Rs.11,775 crore by FY12 in Gujarat (20-May-07)

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