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Indian Refining Industry will emerge stronger in the years to come: Dharmendra Pradhan

Dharmendra Pradhan, Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, inaugurated the 22nd Refinery Technology & Petrochemicals Meet (RPTM), jointly organised by Centre for High Technology (CHT) and Indian Oil Corporation Ltd. under the aegis of Ministry of Petroleum & Natural Gas, Government of India, at Bhubaneswar on Saturday  on 13 Jan 2018today. 

The theme of the Meet is “Emerging Trends in Downstream Hydrocarbon Sector.”

Shri Pradhan, in his inaugural address expressed strong optimism about the Indian Refining industry going from strength to strength and achieving global excellence standards in the years to come, despite new and disruptive technologies on the horizon.

 He called upon the public and private sector oil and gas companies in the country to add at least 200 million tonnes of refining capacity in the next two decades in order to maintain India’s leadership position as the hub of Asian refining and product export. Integrated refinery – petrochemical complexes should be the future for deriving maximum benefits for the industry, he added.

Integrated refinery – petrochemical complexes should be the future for deriving maximum benefits for the industry, he added.

Underlining the critical importance of innovation and research & development, Pradhan was of the view that this will be vital to achieve sustainable growth and providing clean, affordable energy to a large number of people.

He also expressed happiness at the Meet being organised in Odisha and said that this will give impetus to the state being developed as the Energy Gateway to Eastern India that has been described as ‘Purvoday- a Prosperous East for a New India’.

On this occasion, the Union Minister also released the RPTM Compendium and “Report on Enhancing Refining Capacity by 2040” that gives a direction to the oil and gas industry to move forward. He also inaugurated the event exhibition and a poster display exhibition showcasing the advances being made in the refining & petrochemicals sector by Indian and foreign companies.

Around 900 oil industry professionals from India and about 100 foreign delegates from 44 global companies are participating in the event. Among others, Petroleum Secretary K.D. Tripathi, Ambassador of Japan Kenji Hiramatsu, Chairman of Indian Oil Corporation Sanjiv Singh, Executive Director of Centre for High Technology Brijesh Kumar were present at the meet.

While delivering the key note address, Shri K.D.Tripathi said that there existed tremendous opportunities for India to emerge as the demand centre of energy and Petroleum Jt Secretary Sandeep Poundrik urged the Indian refining industry to focus on among other things reducing import dependence.

H.E. Mr. Kenji Hiramatsu, Ambassador of Japan, in his Special Address expressed his happiness at the strong ties between India and Japan and offered technological support to Indian industries. He expressed confidence that steered by the top leadership of the two countries, the bilateral ties between India and Japan will be taken forward in the field of energy cooperation as well, especially in the field of LNG.

Earlier, Shri Sanjiv Singh, Chairman, IndianOil in his welcome address appreciated the dynamic leadership offered by the Ministry of Petroleum & Natural Gas in steering the agenda of the energy and also expressed hope that the platform of RPTM will address important issue and challenges facing the industry.

Shri Brijesh Kumar, Executive Director, Centre for High Technology proposed the vote of thanks.
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