Riding on the success of the Pradhan Mantri Ujjwala Yojana (PMUY), Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, has chalked out an aggressive target for himself in the upstream (exploration and production of hydrocarbons) and mid-stream (pipeline infrastructure) segments of the oil and gas industry.
While the proposed strategic sale of Bharat Petroleum Corporation under his Ministry is in the news, Pradhan, in an interview with BusinessLine, made it clear that his role is that of a facilitator.. He is confident that through the successfully completed bidding rounds in the upstream segment, the energy sector will garner $58-billion investments by 2023 and an investment of about $60 billion in building gas pipelines, terminals and city gas infrastructure that are in different stages of implementation. Read more
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