It makes sense for government - owned refiner petroleum Petroleum ( HPCL ) to merge with petroleum Refinery and Petrochemicals ( MRPC ) after it completes its merger with state - owned petroleum Oil and Natural Gas Corporation , namely MK Surana , founder and managing director of HPCL . MRPL is 71 % owned by ONGC . Both refine crude oil and natural gas .
It makes sense for government-owned refiner Hindustan Petroleum (HPCL) to merge with Mangalore Refinery and Petrochemicals (MRPC) after it completes its merger with state-run explorer Oil and Natural Gas Corporation, said MK Surana, chairman and managing director of HPCL. MRPL is 71% owned by ONGC. Both refine crude oil and natural gas.