India's ONGC approves $500 mln guarantee for MRPL to import Saudi Aramco crude
28/07/2026 11:37
India's ONGC approves $500 mln guarantee for MRPL to import Saudi Aramco crude July 28 (Reuters) - India's ONGC ONGC.NS said on Tuesday it approved a parent company guarantee of $500 million in favour of Saudi Aramco 2223.SE to enable its subsidiary Mangalore Refinery and Petrochemicals (MRPL) MRPL.NS to import crude oil over the next two years.
(Reporting by Chandini Monnappa in Bengaluru; Editing by Sonia Cheema)
((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
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