A roundtable discussion on World Oil and Natural Gas scenario in 2019 and beyond

A roundtable discussion on World Oil and Natural Gas scenario in 2019 and beyond

WTC Jaipur associated with MSME Jaipur , Indian Oil Corporation and PCRA (Petroleum Conservation Research Association) organised “A roundtable discussion on World Oil and Natural Gas scenario in 2019 and beyond” at Sitapur Industrial Area ,Jaipur on 11th March 2019.

Mr. Lalit Kumar Doley- General Manager – Plant- Indian Oil Corporation chaired the round table discussion and was well attended by the plant development officers and government officials as well as by neighboring corporates in Sitapura Industrial Area. “With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil plays a significant role in fueling the socio-economic development of the country. With a mandate to ensure India’s energy security and self-sufficiency in refining & marketing of petroleum products, lndianOil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 47,800 customer touch-points. With a turnover of Rs. 5,06,428 crore and a net profit of Rs. 21,346 crore in 2017-18, and a market capitalization of 1,71,511 crore, lndianOil is recognized as one of India’s most valuable companies . The Company continues to be the largest contributor to the national exchequer in the form of duties and taxes. During the year 2017-18, Rs. 1,90,670 crore was paid to the exchequer as against Rs. 1,79,014 crore paid in the previous year.”, said Mr. Doley. Speaking on the growth trends he said “lndianOil continues to expand its business operations abroad through its overseas establishments in Sri Lanka, Mauritius, the UAE, Singapore and USA. During the year 2017-18, the Company has set up offices in Myanmar and Bangladesh.”

Captain Deepak Gupta, Deputy Director, PCRA, Sub Regional Office, Jaipur said “ the fundamental challenge is certainly the intrinsic volatility in the sector. Producers need time to address the vagaries of an over or under supplied market. The also need to grapple with pace and magnitude of the transition to energy from non-fossil fuel sources. Thus there is a pertinent need for oil and gas companies must develop a resilient strategy to alleviate these emerging challenges.”

The programme was preceded by a “Cleanliness drive to support the Swacch Bharat Mission”. Speaking at this occasion Deputy Director, MSME Jaipur, Mr. Dinesh Soni reemphasized by saying “ The Abhiyan was launched by the Prime Minister with an aim to make India clean. Aim was to provide sanitation facilities to every family, including toilets, solid and liquid waste disposal systems, village cleanliness, and safe and adequate drinking water supply by 2nd October, 2019.” It will be a befitting tribute to the Father of the Nation on his 150th birth anniversary.”
Vote of thanks was proposed by Mr Navneet Agarwal – Assistant Director World Trade Centre Jaipur.

( in the pic ) facing the audience 2nd from left Mr. Mr. Lalit Kumar Doley- General Manager – Plant- Indian Oil Corporation interacting with MSME and World Trade Centre Officials.

Leave a comment

Your email address will not be published.

18 − 10 =