NRL enters into tripartite B2B pact with ONGC and OIL

GUWAHATI: Assam based, Numaligarh Refinery Limited has implemented a tripartite B2B (Business to Business) integration with upstream Oil Companies, Oil & Natural Gas Corporation Limited ( ONGC) and Oil India Limited (OIL) for crude oil transactions.

Implementation of B2B between NRL, ONGC and OIL has automated a business process of crude oil supply and invoicing. OIL is the major producer of crude oil in Assam.

Around 70 percent of NRL’s Crude throughput of 2.67MMT for the year 2013-14 has been met by OIL while the balance 30 percent has been supplied by ONGC. Senior Manger, Corporate communication, NRL, Madhuchanda Adhikari Choudhury said implementation of B2B process will enable NRL to cover transactions worth over Rs. 8,000 crores per annum with OIL and over Rs. 3000 crores with ONGC into the ambit of IT enabled settlement.

The companies felt that this process will enable in enhancing transparency and increase business efficiency.