State-run oil and gas company ONGC plans to expand beyond exploration and production by entering crude oil trading and building a strategic oil reserve of 1.75 million tonnes. The move is aimed at increasing commercial integration across its business activities while keeping upstream operations as the core focus.
Both outlets frame the plan as part of ONGC’s broader strategy to deepen its role in the oil value chain. Business Line emphasizes that the company seeks stronger linkages across its units, alongside continued priority on exploration and production. The Economic Times reports the same overall direction—crude trading plus development of the 1.75 million-tonne strategic reserve—without adding a different set of drivers or outcomes.
