Will continue with capex plans: Shashi Shanker, ONGC chairman

“Profit will obviously be affected. But we are a national oil company and we are in it for the long haul. So we are not going to redraw our plans. We will continue to invest,” Shanker told ET in an interview. “We have seen several cycles. The last time when prices fell to $28 in 2016, we continued to invest.”

from Energy-Industry-Economic Times https://ift.tt/2IzS0m0
via Latest News of India