The latest edition of India’s strategic hydrocarbon event — Petrotech-2019 — takes off on Sunday in the National Capital Region. The biennial event, expected to see participation from 70 countries, comes at a time when India is seeking from the US an extension of waiver on oil imports from Iran while also trying to align with consumer countries.
The waiver from American sanctions —given to eight nations: India, China, Italy, Greece, Japan, South Korea, Taiwan and Turkey — expires in March. Major consumers in Asia are also likely to highlight the contentious issue of “Asian premium” before global groups like the Organization of the Petroleum Exporting Countries (Opec).
Prime Minister Narendra Modi will formally inaugurate the meet on Monday. The event is expected to see participation of over 7,000 delegates from over 70 nations – including policy makers, management experts, scientists and service providers. Read more
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