PM Modi to meet oil company chiefs today to fire up fuel economy

Selected By : panday panday

Prime Minister Narendra Modi will exchange notes with a clutch of global and domestic oil company chief executives on Monday on ways to reduce India's oil imports and create a gas-based economy.

Government sources counted Bob Dudley, chief executive of BP Plc; Igor Sechin, head of Russian oil giant Rosneft and a close confidante of President Vladimir Putin; Amin H Nasser, chief executive of the world's largest oil exporter Saudi Aramco; and Robert S Franklin, vice-president of ExxonMobil, among those who are expected to be at the session.

This will be Modi's second session with captains and experts of global oil industry, where the government's think-tank Niti Aayog is playing a key role.

The PM had on January 5, 2016 held a session on increasing domestic production of oil and gas as well as ways to attract larger investments in the domestic oil industry.

That meeting was attended by finance minister Arun Jaitley, oil minister Dharmendra Pradhan and Piyush Goyal, who was then the minister for power, coal and renewable energy.

Sanjay Dutta and Sidhartha

Location : New Delhi, Delhi, India Date : 2017-10-09 06:54:14