The Oil and Natural Gas Corporation (ONGC), is planning to start a separate marketing division for retail trading. There are 3 divisons in ONGC as of now. The divisons are exploration, production, and drilling. The two support groups are finance, and human resource.

“Obviously, they will give top priority to evacuating their products first and then consider picking up ONGC’s stocks,” ONGC spokesmen said on a press meet.

From ONGC’s point of view, direct marketing of its crude and other petro-products would be a better profitable option.”The corporation will not ignore its basic function and will, in fact, strive to pump in more funds for this activity.” said ONGC.

ONGC believes that it should concentrate more on refining & marketing, power and petrochemicals while ensuring that the budget for exploration does not suffer variation.

Categories: Business, New Business Trends
Tags: amp, budget, division, Finance, gas, marketing group, Oil, ONGC, Planning, Power, production, profit, retail, retail trading, Stock, stocks, trading