Oil India Limited and NRL signs COSA

Sarkaritel
By Sarkaritel March 14, 2020 11:51

Oil India Limited and NRL signs COSA


Oil India Limited (OIL), India’s second largest National Exploration & Production company and Numaligarh Refinery Limited (NRL) signed Crude Oil Sales Agreement (COSA) for sale and purchase of crude oil on 12March, 2020 at OIL’s Pipeline Headquarters in Narengi, Guwahati. Shri Harish Madhav, Director Finance, OIL andShriIndranilMittra, Director Finance, NRL signed the agreement on behalf of OIL and NRL respectively in the presence of Shri S.C Mishra, CMD, OIL and Shri SK Barua, MD, NRL.

The COSA willcome in effect from 1stApril, 2020 to 31stMarch, 2025 that is for a term of 5 years.The agreement will streamline sale and purchase transactions of Crude Oil produced from fields in the North East India.

Sarkaritel
By Sarkaritel March 14, 2020 11:51