Indian Hydrocarbon Sector On Fast Growth
Energy is essential for economic development and oil and gas play a major role in fuelling the economic growth of any country. India is the 8th largest oil consumer in the world and expected to be the 5th largest by 2025. The investment outlay in the oil and gas sector, as provided by the tenth five-year plan (2002-07), is US $ 13.05 billion in the upstream sector alone. The total investment over the next 25 years is expected to be US$ 110 -120 billion. More areas and opportunities for investment, technology and entrepreneurship are now open for the global players as well as for India’s own public and private sectors. As declared by ONGC sources, India's largest gas find is expected to be around 22 trillion cubic feet (TCF) at the Krishna Godavari (KG) basin. India has invited foreign companies to invest and participate in the Indian hydrocarbon sector as a bulk of oil and gas potential still "remain locked up" in its basins.
Oil & Gas-2014, 6th international Exhibition & Conferences, scheduled for 10-12 February, 2014, will showcase all this and much more. The event is organized by CHEMTECH Secretariat and supported by CHEMTECH Foundation, who are pioneers in conceiving international Exhibitions and Conferences since 1975.
Oil & Gas 2014 will Incorporate
Golden Opportunities at Oil & Gas 2014
India is clearly a goldmine of opportunities for the Oil & Gas industry. Initiated in 1992 Oceantex has constantly brought together national and international experts to exchange knowledge, identify areas of cooperation and find ways to use the world’s petroleum resources in the most optimal and efficient manner. The popularity of this exhibition can be gauged by the fact that more than 223 exhibitors/sponsors & speakers from over 18 countries made their presence felt in Oceantex 2010.