Prime Minister Narendra Modi, on Wednesday at 6pm will be holding a meeting with chief executive officers (CEO) and experts of the global oil and gas sector to discuss key issues and potential opportunities and scope in the sector, confirmed by the Prime Minister’s Office in a statement on Tuesday.
The statement released by the Prime Minister’s Office says that “The broad theme of the upcoming interaction is promotion of clean growth and sustainability. The interaction will focus on areas like encouraging exploration and production in hydrocarbon sector in India, energy independence, gas based economy, emissions reduction – through clean and energy efficient solutions, green hydrogen economy, enhancement of biofuels production and waste to wealth creation,”
The meeting comes in the situation when fuel prices are rising to record levels in the country partly due to crude oil prices hike in the international market. New Delhi is also looking for ways to reduce its heavy dependency on crude oil imports, which currently stands at 85% of its total fuel basket.
The meeting between PM Modi and CEOs and experts from leading multinational companies (MNCs) and international organisations will be organized via video conferencing. The Union Minister of Petroleum and Natural Gas Shri Hardeep S Puri will also be present on the occasion.