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India to host international oil conference in Jan

Energy ministers from ten oil producing countries will attend an international oil and gas conference to be held in New Delhi from January 15.

india Updated: Jan 04, 2007 02:31 IST

Energy ministers from ten oil producing countries will attend an international oil and gas conference to be held in New Delhi from January 15 to discuss global concerns related to the hydrocarbon sector.

The ministers are expected to resolve many international concerns related to the oil and gas industry by precipitating a collective approach toward the challenges, based on discussions among many of the OPEC oil ministers who would be attending the conference.

The conference will see oil ministers of Nigeria, Iran, Venezuela, Saudi Arabia, Qatar, Sudan, Romania, Myanmar, Sri Lanka and Yemen participating in the conference.

The 7th International Oil and Gas Conference and Exhibition "Petrotech-2007" is being hosted by the Petrotech Society and organised by Oil and Natural Gas Corp under the aegis of the Petroleum and Natural Gas Ministry.

Petroleum Secretary MS Srinivasan said that the conference would provide an opportunity to showcase India as a hydrocarbon rich country. "India is seen as a country with tremendous hydrocarbon potential. India is only an under-explored country and not under-endowed," he said.

The theme for the conference would be 'Energy, Economy, Equity, Ecology'. Several cabinet ministers, ministers of state, bureaucrats, CEOs and policy-makers will also attend the event.

Apart from the ministerial participation, a host of international oil and gas companies are going to take part in the conference. Among the companies are British Petroleum, Petrobras, British Gas, Shell, Sinopec, PDVSA, Transocean, Schlumberger, Halliburton, and Reliance.