Refining and Petrochemicals Technology Meet kicks off

Galtero Lara
Enero 14, 2018

Bhubaneswar: Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan 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 today. "Our demand for petroleum products will rise from the current level of 194 million tonnes to 458 million tonnes by 2040". With a big appetite for energy, the country needs to add more refining capacity.

Presently, Pradhan said, the country has the capacity to refine oil of 247 million metric tonnes per annum. "Every 2-3 three years, we have to add capacity of about 20 million tonnes to meet our requirement", he said.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Saturday said India will offer an investment opportunity of 300 billion United States dollar in the hydrocarbon sector in next 10 years to keep pace with its incremental demand for energy.

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"India will remain one of the fastest growing energy and petrochemicals market in the world".

"Integrated refinery-petrochemical complexes should be the future for deriving maximum benefits for the industry", he said. He also called upon Indian refining industry to focus on producing sustainable energy, reduce import dependence and leverage technology and innovation to keep a flexible, demand- centric product slate. Chief executives of oil & gas companies, heads of refineries and global/Indian consultancy organisations, besides nearly 1000 delegates from India and overseas are participating in this vital annual Meet that is being organised by the Centre for High Technology is co-hosted by IndianOil.

Expressing his happiness at the strong ties between Indian and Japan, Japanese Ambassador to India Kenji Hiramatsu said the bilateral ties between the two countries will be taken forward in the field of energy cooperation as well especially in the LPG. Refinery Performance Improvement Awards, OGCF Awards, Innovation Awards and Oil Industry Safety Awards for the years 2015-16 and 2016-17 were presented by the Union minister.

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