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ONGC, OIL renew Assam pipeline agreement

ONGC, OIL renew Assam pipeline agreement
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First Published: Wed, Apr 25 2007. 06 18 PM IST
Updated: Wed, Apr 25 2007. 06 18 PM IST
New Delhi: Two Indian exploration and production majors Oil and Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. (OIL) on 25 April here renewed their agreement for transportation of ONGC’s Assam crude oil from its installations at Lakwa, Galeki, Rudrasagar and Borholla through pipelines owned and operated by OIL.
The memorandum of understanding (MoU) will be valid for 5 years from April 2007 to March 2012, the ONGC said in a press release.
ONGC and OIL are the two major crude oil producers operating together for last more than 50 years in northeast India. They produce around 4.5-5.0 million metric tonnes per annum, which is transported to four refineries of IOC and BPCL, located at Digboi, Numaligarh ,Guwahati and Bongaigaon through the trunk pipe line of OIL.
The pipeline originates from Naharkatia at extreme upper part of Assam and then passes through the entire state to reach to Barauni in Bihar. ONGC pumps its Assam crude into this trunk pipeline at two locations, one at Moran near Sivasagar and other at Jorhat, the press statement informed.
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First Published: Wed, Apr 25 2007. 06 18 PM IST
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