GST to make oil and gas business more expensive: Shell India CEO Nitin Prasad

GST to make oil and gas business more expensive: Shell India CEO Nitin Prasad

Netherlands-based Royal Dutch Shell plc, the world’s second-largest oil company, has been focussing on aligning with the energy markets’ transition underway globally. India being at the heart of that transformation, the company has rolled out aggressive plans for expanding operations in natural gas and alternative fuel segments apart from the traditional fuel retailing business, Shell India CEO Nitin Prasad said in an interview with ETEnergyWorld. Edited excerpts..

Shell Global CEO Ben Van Beurden recently announced an overall investment plan of around $25 billion in 2017. What part of that investment is likely to flow to India and in which priority areas?
I may not be able to share investment figures. But we are looking at an aggressive expansion in retail business and that is going to bring capital into the country. We are looking at our lubricants business which is extremely successful and we feel it will become even more successful with the BS VI transition and we are investing quite heavily in that. We are taking a look at new energies as an area. So, investing quite a bit in that space. We are also taking a look at bio-fuels and waste-to-fuel, as that technology proves itself. Read More…

 

Credit By : ET Energy World

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