Home / Knowledge / News / Textiles / Mr. Dinsha Patel highlights important features of NELP-VII
Mr. Dinsha Patel highlights important features of NELP-VII
30
Jan '08
After successful Road Show at London on 24.01.2008 as part of Government of India's promotional campaign to show case NELP-VII exploration blocks, another Road Show abroad was held late yesterday at Houston(U.S.).

Under the seventh round of the New Exploration Licensing Policy (NELP-VII) 57 blocks include 19 in deepwater, 9 in shallow water and 29 in onland.

After the inaugural road show held at Mumbai on 8th January, 2008, the Houston road-show is the second one to be held abroad for NELP-VII.

As many as 66 companies comprising 32 E&P, 18 service providers, 6 investment companies/bankers and 10 others participated in the Houston Road Show.

A high level delegation led by Mr. Dinsha Patel, Minister of State for Petroleum & Natural Gas, which also included Mr. M.S. Srinivasan, Secretary, Ministry of Petroleum & Natural Gas, Mr, V.K. Sibal, Director General, Directorate General of Hydrocarbons and Mr. Anil K. Jain, Joint Secretary, Ministry of Petroleum & Natural Gas, is currently in Houston to promote NELP-VII to prospective E&P companies and investors.

Mr. Patel highlighted important features of the NELP-VII. Shri Dinsha Patel emphasised the highly attractive opportunities being offered under NELP-VII impressed upon companies to participate in the bidding process to enter into a long term beneficial relationship by becoming part of India's growing and vibrant Petroleum Sector.

He mentioned that the promotional road shows for NELP-VII will also be held at Calgary, Singapore, Perth and Dubai. He invited US firms to make up for the lost opportunities in previous rounds by participating in the current offer.

He pointed out that India is 5th largest consumer of energy in the world after China, Russia and Japan. Shri Patel elaborated various steps underway to bridge the gap between demand and supply of oil and gas like accelerating E&P efforts in Indian basins as well as acquiring oil assets abroad and harnessing alternative sources of energy like coal bed methane, gas hydrates, coal liquefaction, ethanol, bio-diesel, etc.

Referring to excellent business relationship between India and America, Shri Patel informed that the trade between the two countries is valued at about US$ 31 billion which is about 10% of India's total trade.

Some of the major stakeholders in India's upstream petroleum sector namely BG Group, Oil & Natural Gas Corporation Limited, cairn Energy and Reliance Industries Limited also made presentations during the NELP-VII roadshow about their experiences, and the plans and vision their companies had regarding India's petroleum sector, especially the upstream sector.


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Suresh Patel
Sidwin Fabric

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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