Petroleum Minister Dharmendra Pradhan welcomes U.S. investors

Dharmendra Pradhan welcomes US oil companies to invest in Indian oil and gas sectors. U.S. businesses and investors were in welcomes by Petroleum Minister Dharmendra Pradhan.

Petroleum Minister Dharmendra Pradhan welcomes US oil companies to invest in Indian oil and gas sectors. U.S. businesses and investors werewelcomed by Petroleum Minister Dharmendra Pradhan. Since to participate and invest in India. According to Minister for Petroleum and Natural Gas Dharmendra Pradhan, India will see investments of more than $118 billion through the oil and gas value chain over the next few years.

India is increasing oil processing capacities to generate more gasoline and petrochemicals, as well as investing in pipelines and terminals to raise the energy mix’s share of natural gas.

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The Minister emphasized that a few joint attempts have been made in this field between Indian and American businesses, but their scope is far smaller. U.S.-India Energy Partnership ‘s stability is also one of the most durable factors underpinning both states’ bilateral ties.

Welcomed By Petroleum Minister

Dharmendra Pradhan added that even in these difficult times India and the United States work closely together, either to balance global power markets or in joint efforts to cope with the coronavirus pandemic, in an exchange arranged by the US-India Business Council (USIBC).

He also invited US firms to partner with indian businesses in the area of renewable technologies, waste-to -energy and solar energy groundbreaking projects.

In the Indian energy market, India ‘s oil minister has stressed many new prospects. In the area of bunkering of LNG, container production of LNG ISO. Which are petrochemicals, biofuel, and compressed biogas.

He has furthermore encouraged US organizations to enter. The Open Acreage Licensing Programming OALP. And Discovered Small Fields (DSF) bidding rounds. Also the government has already outlined a proposal. In order to increase the share of gas from the current amount. Of 6% in the country’s primary energy mix to 15% by 2030.

In order to expand the country’s exposure to fossil fuel. However, the government has promoted major investments to gas processing. Also in distribution and import terminals.