PM Narendra Modi To Brainstorm Oil Scenario With Global CEOs


PM Narendra Modi To Brainstorm Oil Scenario With Global CEOs

Prime Minister Narendra Modi will Monday brainstorm with chief executives of top global and Indian oil and gas companies on emerging energy scenario, with ripples from US sanctions on Iran and volatile oil prices threatening growth.

The third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production, official sources said.

Modi’s first meeting was on January 5, 2016 where suggestions for reforming natural gas prices were made. More than a year later, the government allowed higher natural gas price for yet-to-be-produced fields in difficult areas like deep sea. Read more

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