PM Modi cooperates with worldwide oil, gas CEOs, says recommendations have helped approach making

New Delhi, October 9 Prime Minister Narendra Modi on Monday connected with the oil and gas CEOs and specialists from over the world and said thanks to the members for sharing their perspectives.

He said that many recommendations got in the last meeting in 2016 have helped approach making. He additionally said that extension for change in many area still exists.

Union Ministers Dharmendra Pradhan, and R.K. Singh, and senior authorities from NITI Aayog, Prime Minister Office, Petroleum Ministry and Finance Ministry were available at the meeting.

The Prime Minister additionally valued the focussed recommendations made by the members.

The Prime Minister additionally said thanks to all members for sharing holistic suggestions, keeping in mind India's unique potential and necessities in the oil and gas division, rather than simply limiting themselves to the worries of their respective organisations.

The Prime Minister watched that the proposals made secured arrangement, managerial and additionally administrative issues.

The Prime Minister thanked the President of Russia, Vladimir Putin, and Rosneft, for their commitments and support to the energy sector in India.

He valued the 2030 vision record of the Kingdom of Saudi Arabia.

Reviewing his visit to Saudi Arabia, he said many progressive decisions are being taken there in the energy sector.

Minister for Petroleum and Natural Gas Dharmendra Pradhan, and Rajiv Kumar Vice Chairman NITI Aayog gave a review of the work done in this division. They additionally accentuated on the normal development in vitality request in India, and the huge advance made in zap and LPG expansion.

In a short introduction, CEO, NITI Aayog, Amitabh Kant outlined the recent developments and challenges in the oil and gas sector in India.

Different members valued the advance and changes made in India over the most recent three years.

They additionally extolled the pace and drive with which Prime Minister Modi has achieved the changes in the vitality segment.

Various issues, for example, the requirement for a brought together vitality approach, contract systems and courses of action, prerequisite of seismic informational collections, support for biofuels, enhancing gas supply, setting up of a gas hub, and regulatory issues, came up for discussion.

Many members firmly suggested the consideration of gas and power in the GST framework. The Revenue Secretary, Hasmukh Adhia, featured the current choices of the GST Council with respect to the oil and gas division.

Top CEOs and officials from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency were additionally present at the meeting.

The meeting was composed by the NITI Aayog.

 

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