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flag ONGC, India's state-run oil firm, plans to create a trading unit to manage oil transactions.

flag India's state-run Oil and Natural Gas Corporation (ONGC) is exploring the creation of a trading unit to manage the buying and selling of crude oil and refined products for its subsidiaries. flag The proposed unit would handle around 100 million tonnes of oil annually, with ONGC producing about 42 million tonnes and its subsidiaries importing roughly 45-50 million tonnes. flag The plan is currently in the conceptual stage, with a group deliberating on its implementation.

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