Round of Deliberations and Discussions During 1st Ministerial Session At Petrotech 2016

In view of Dr. Daniel Yergin, the need of the hour is a more prolific and mutually-beneficial inter-country collaboration on energy security, trade, infrastructure, cost reduction, global greenhouse gas emission control, investment and standards of operation and production via bilateral, regional or inter-governmental channels so that both energy producing and consuming countries can move towards a secure and sustained energy future.

Round of Deliberations and Discussions During 1st Ministerial Session At Petrotech 2016

The first Ministerial session at Petrotech-2016 saw participation from Afghanistan, Bangladesh, Bhutan, Brazil, Mauritius, Nigeria, Qatar, Sri Lanka, Nepal and Qatar. The session that focused on how India is poised to usher in a new era of growth in the oil and gas economy of the world with its advantages of technological advancement, favourable policies, robust economic growth and industry expertise, was presided over by Hon’ble Minister of State (Independent Charge), Petroleum & Natural Gas, Dharmendra Pradhan and moderated by Dr. Daniel Yergin, Vice Chairman, IHS Markit.

Going forward, we must consider formulating a comprehensive approach by enagaging all the stake holders of this sector : Pradhan

“Moving our focus towards the global scenario, we see a gradual shift from depleting, conventional reserves to unconventional sources like offshore, deep seas, at remote locations and armed with new technologies, like hydraulic fracking and horizontal drilling for heavy oil, oil sand and tight oil. These practices are more expensive and pose greater safety and environmental risks,” the minister added.

Going forward, we must consider formulating a comprehensive approach by enagaging all the stake holders of this sector : Pradhan

Union minister of state for petroleum and natural gas Dharmendra Pradhan said sound policy initiatives, sustained investments, regional and international cooperation will help the industry make strides in adopting new technology, finding and unlocking new supplies, and in a responsible and sustainable way be the partner in progress of all nations.

PM Modi Invites Global Energy Cos to Invest in India’s Hydrocarbons Sector. Says Govt Committed to Remove Red Tape with Red Carpet

PM Modi said his government’s constant efforts have improved India’s ranking in Ease of Doing Business and that India has always been an inspiration for others in terms of intellectual capability and enterprise.

PM Modi Invites Global Energy Cos to Invest in India’s Hydrocarbons Sector. Says Govt Committed to Remove Red Tape with Red Carpet

With India committed to replace ‘Red Tape’ with ‘Red Carpet’, Prime Minister Narendra Modi on Monday called upon global hydrocarbon companies to come and Make in India.

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