ONGC Videsh Ltd. (OVL), the overseas investment arm of exploration major ONGC, is looking to set up a crude oil trading vertical soon. The company, which is traditionally into the business of exploration and production, proposes to set up this vertical once it has sizeable hydrocarbon volumes to sell. OVL is in talks with international players to set up a desk overseas. "We aspire and aim to develop our own marketing capability to capture better value of our hydrocarbons and whatever we produce - actually a downward integration to capture better value for our produce," said Mr. Naren- dra Verma, OVL, Managing Director, in an interview with a leading economic daily newspaper.
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