Rakesh P Sharma / Mumbai May 27,2004
A year after Oil & Natural Gas Corporation (ONGC) took over Mangalore Refineries and Petrochemicals Ltd (MRPL), it is planning to foray into the shipping and petrochemicals businesses.
R S Sharma, ONGC's director, finance, said: "Oil companies the world over are integrating their business. A foray into shipping and petrochemicals is very much on the cards. A decision on this will be taken within three months." At present, ONGC uses charter ships for shipping crude from the Persian Gulf, mostly from Iran and Saudi Arabia, to Mangalore
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