NRL, ONGC Sign Crude Supply Agreement
The agreement was executed by Pratul Saikia, Senior Chief General Manager (Finance) and Chief Risk Officer of NRL, and H M Patwardhan, Chief General Manager (Marketing) of ONGC, in the presence of senior officials from both organisations.
The Crude Oil Sale Agreement is a strategic step to formalise and streamline the commercial terms governing the sale and purchase of crude oil supplied to NRL from ONGC’s nominated fields across the North East. The partnership is critical to the region’s energy infrastructure, with ONGC currently meeting around 30 per cent of NRL’s total crude oil requirement.
By securing this supply arrangement, the agreement is expected to strengthen long-term energy security for North East India and support stable refinery operations at Numaligarh.