PM asks Indian energy companies to become MNCs

Georgia ReedDec 07, 2016

The main conference of one of the biggest oil and gas exhibitions in the world, PETROTECH-2016, was inaugurated by Prime Minister Narendra Modi in New Delhi today, Bureaucracy Today has learnt.

Anish Aggarwal, Director (Pipelines), Indian Oil and Chairman, Exhibition Committee Petrotech-2016 in his welcome address stated that during the last two decades with growing participation in terms of number of participants, companies and nations, this flagship event of the bustling Indian hydrocarbon sector has become a must-attend for all the stakeholders.

The Minister said that internationally, the hydrocarbon sector is witnessing unprecedented technological developments.

"India's economy is expected to grow five-fold by 2040. Hydrocarbons will remain the most important source of energy for many years to come". Other dignitaries on the dais were H.E. Mr. Bechir Madet, Minister of Petroleum and Energy, Chad, H.E. Mr. EzeKiel Lol Gatkuoth, Minister of Petroleum, South Sudan, H.E. Dr. Mohammed Zayed Awad, Minister of Petroleum and Gas, Sudan, Her Excellency Ms. Irene Muloni, Minister of Energy and Mineral Development, Uganda and Dr. Orlando Velandia, President of National Hydrocarbons Agency of Columbia.

Buzz Aldrin evacuated from South Pole
Doctors agreed an evacuation was prudent after Aldrin's condition deteriorated , according to his staff in Florida. From looking at Aldrin's Twitter account, it is apparent he was looking forward to his South Pole trip.

Stating that the country needs to increase domestic oil and gas production and reduce import dependence, he said, "I have set a target to reduce import dependence by 10 per cent by 2022".

Highlighting the achievements of the Pradhan Mantri Ujjwala Yojana scheme, he said that more than $ 1.2 billion has been allotted. "Sustainable, stable and reasonably priced energy is essential for the fruits of economic development to reach the bottom of the pyramid", he said.

He said, while global economy goes through uncertainty, India has shown tremendous resilience and Foreign Direct Investment (FDI) is at the highest level.

Talking further on the initiatives on reducing Indias carbon footprint, the Minister said that India has taken a lead in the field of energy efficiency.

Kanye West Was Not Admitted To Hospital Against His Will
After abruptly canceling the rest of his Saint Pablo tour, Kanye West has reportedly been hospitalized in Los Angeles . In Sacramento , he went on rant about Beyonce and Jay Z and ended the show after only three songs .

Besides PETROTECH, International Energy Forum and International Gas Union Ministerial Conference are also being organized simultaneously, showcasing India's priority to move towards a gas based economy.

The Prime Minister said growth was expected in various sectors including manufacturing, transport and civil aviation. "As a responsible global citizen, India is committed to combating climate change, curbing emissions and ensuring a sustainable future", the PM said.

Underlining that a stable and reasonably-priced energy is key to any country's economic transformation, Modi said Indian energy majors need to increase their oil and gas production, while simultaneously focusing on forging partnership with energy companies in the region.

Tomi Lahren and Trevor Noah Make Nice on Twitter
It's a odd thing to say, "I'm not angry" but that's like Ellen saying, 'I don't like dancing.' Yeah, you do, Ellen, you do. If you can stomach Lahren or just need a reason to roll your eyes today , then watch the clip below.

Related Articles:



« Previous article
Next article »


Popular Pages

Brent Crude Oil rose over $54 a barrel on OPEC deal
Both Goldman and Barclays said oil prices would quickly move above $50 per barrel if a production cut is agreed by OPEC. There's the worry over the member's compliance with the agreed quota, and whether the deal will actually be adhered to.

Man United, Southampton into English League Cup semifinals
Ibrahimovic was the architect with a fine pass down the inside-right channel for Antonio Valencia, whose cross was tapped in by Martial.

In Trump's victory lap, a warning to U.S. firms
Despite Trump's deal, employers elsewhere in IN are laying off five times that many workers because of foreign competition. In introducing Trump, Vice President-elect Mike Pence said "we're here to say thanks" for the election results.

Matsuyama wins tourney; Tiger encouraged
He's ready to go", Jordan Spieth said. "Even with Tiger, every time we set expectations, he exceeds them". Tiger Woods finished his fourth round at the Hero World Challenge with a 76.

Iraqi army troops seize back four villages north of Daesh-held Mosul
Iraqi Army soldiers secure streets in a recently liberated village occupied by Islamic State militants outside Mosul , Iraq, Thursday, Dec. 1, 2016.

Badgers look to avenge 2014 Big Ten Championship Game
For this season, the three highest-rated games have aired on ABC, Michigan-Ohio State, Notre Dame-Texas and Louisville-Clemson. Maryland is on the cusp of the top 25, the de facto No. 26 team in the country with the most votes of any unranked team.

How BJP regained lost ground in Gujarat a year after Patidar agitation
The BJP has followed up its success in the Maharashtra civic elections with a sweep of by-elections to local bodies in Gujarat. The picture has changed now", he said, adding that "BJP, which was the number four party, is now number one.

S&P Core Logic Case-Shiller: September 2016
In the graph below I have constructed a trend line based upon the average growth rate in home prices prior to the housing bubble. Ralph McLaughlin, chief economist at Trulia , in fact, said that "crossing this threshold is largely symbolic".

Pro-asylum seeker protesters force suspension of Australian parliament
Question time is adjourned due to the protest. "But I think they heard a lot of our message, which is good to see". Protesters who forced a suspension of yesterday's Question Time have again breached security at Parliament House.

Slain Detroit police officer's funeral set for Thursday
The Wayne State University officer was shot after he stopped a man on a bicycle suspected in a vehicle break-in on Tuesday. Wayne State University plans a candlelight vigil for the campus police officer who was killed in the line of duty.