OIL & GAS

PM Modi to interact with CEOs of leading global oil, gas firms on Monday

Prime Minister Narendra Modi will interact with CEOs of leading global oil and gas companies on Monday at an annual event organised by the NITI Aayog and the Ministry of Petroleum and Natural Gas.

The Prime Minister’s Office (PMO) said that this is the fifth such event organised by the NITI Aayog and Ministry of Petroleum and Natural Gas, and around 45 CEOs of major oil and gas companies will attend the roundtable this year.

The objective behind the meeting is to deliver a global platform to understand best-practices, discuss reforms, and inform strategies for accelerating investments into the Indian oil and gas value chain, the PMO said in a statement.

The annual interaction has gradually become one of the most important gatherings of not only intellectual debate but also of executive action, it said.

The event also grows in stature with the rise of India, the world’s third-largest energy consumer, which is likely to see investment of over $300 billion by 2030 in the oil and gas sector to meet the rising demand, the PMO said.

The prime minister will interact with the CEOs at 5.30 pm IST on October 26 via video conference, the statement said.

Source
business standard
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