Terrorism a threat to hydrocarbon sector: RIL

The Mumbai terror attacks did not just dent people's confidence and the economy but has made the hydrocarbon sector vulnerable as well, a RIL official said.

The Mumbai terror attacks did not just dent people's confidence and the economy but has made the hydrocarbon sector vulnerable as well, a senior Reliance Industries (RIL) official said in New Delhi on Thursday.

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“The terror attacks of 26/11 has thrust the spectre of terrorism into the hydrocarbon sector,” RIL's refinery business president P. Raghvendran said at the ongoing Petrotech 2009 conference on oil and gas.

Raghvendran said companies should have greater collaboration with the government's disaster management agencies, and that RIL had taken steps to safeguard its business from the risk of terror acts.

“Refineries will have to address the matter and make security plans,” he added.

According to Raghvendran, companies would also have to ensure "emergency preparedness for war and war-like situation", and advocated better information exchange between countries to tackle terrorism.

Additionally, he said, a facility for vulnerability assessment should also be set up.