ONGC approves $500 million guarantee for MRPL to import crude oil from Saudi Aramco

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Business

28 July 2026 at 11:24 pm

ONGC approves $500 million guarantee for MRPL to import crude oil from Saudi Aramco

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Summary

ONGC has approved a $500 million parent company guarantee for its subsidiary MRPL to facilitate crude oil imports from Saudi Aramco for two years, aiming to ensure India's energy security amidst West Asian instability.

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