Home / Knowledge / News / Textiles / Shri Deora inaugurates Society of Petroleum Geophysicists Conference
Shri Deora inaugurates Society of Petroleum Geophysicists Conference
16
Jan '08
The Minister of Petroleum & Natural Gas Shri Murli Deora has emphasized at Hyderabad that the Government of India and Oil Companies have taken several steps to enhance energy security for the country.

These inter-alia include: (a) increasing exploration and production activities in the country (b) acquiring oil and gas assets abroad (c) development of alternate sources of oil and gas (d) strategic storage of crude oil (e) conservation and implementation of environment friendly policies.

He was speaking after inaugurating 7th International Conference & Exposition of Society of Petroleum Geophysicists.

The Minister underlined that economic growth rate of 8% to 10% in the country calls for rapid development of the energy market.

Shri Deora added that the development of E&P sector has been significantly boosted through New Exploration Licensing Policy(NELP), which brought major liberalization in the sector and opened it up for private and foreign investment allowing 100% Foreign Direct Investment (FDI).

With exploration and development efforts made under NELP, natural gas production in the country is likely to double by the end of 11th Five Year Plan (2007-12) from the present level of about 87 million standard cubic metres per day (MMSCMD).

Besides, Indian PSUs and other private companies have presence in more than 20 countries with ONGC Videsh Limited maintaining a leading role by producing about 8 Million tonnes of oil and oil equivalent of gas.


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X