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UK reaffirms commitment at PETROTECH

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The Prime Minister, Shri Narendra Modi in a group photograph at the PETROTECH-2016: 12th International Oil & Gas Conference and Exhibition, in New Delhi on December 05, 2016. The Minister of State for Petroleum and Natural Gas (Independent Charge), Shri Dharmendra Pradhan is also seen.

Large UK trade Delegation at PETROTECH reaffirms UK commitment to India….reports Asian Lite News

The Prime Minister, Shri Narendra Modi in a group photograph at the PETROTECH-2016: 12th International Oil & Gas Conference and Exhibition, in New Delhi on December 05, 2016. The Minister of State for Petroleum and Natural Gas (Independent Charge), Shri Dharmendra Pradhan is also seen.
Prime Minister Narendra Modi in a group photograph at the PETROTECH-2016

British collaboration with India in the oil and natural gas industry reaches at a new high as more than 20 British companies are participating in PETROTECH – India’s flagship event on oil and natural gas – being organised by Government of India here in New Delhi.

PETROTECH, in its 12th edition, serves as a platform for national and international experts in the oil and gas industry to exchange views and share knowledge, expertise and experiences.

The visit of British Companies has been organised by Scottish Development International (SDI), the Scottish Government’s international arm, and the Department for International Trade (DIT), in response to supply chain opportunities presented by recent announcements from the Government of India (GOI), and a visit to Aberdeen from India’s Minister of State for Petroleum and Natural Gas, Shri Dharmendra Pradhan in September.

During the visit, the Minister outlined the need for a stronger India-UK partnership based on further trade and investment, technology and skills transfer, and world-class innovation.

“The sky is the limit when it comes to collaboration between India and the UK in the field of oil and gas. The recent visit of Mr. Dharmendra Pradhan, the Hon’ble Minister for Oil and Gas for the Government of India, set the bar high for collaboration our countries, and this large British trade mission to Petrotech reaffirms UK’s commitment to India’s oil and gas sector”, said Jamie Banks, Regional Director – Oil and Gas, Department for International Trade.

The UK trade mission at PETROTECH will contain world-leading companies that bring real competitive advantage to the economy. British expertise and knowledge in oil and gas is in demand across the world, and Scotland has become a significant global hub for development in this area.

Scotland’s oil and gas industry is a 50 year success story, and has played a critical role in the world’s economy. Despite global recession, Scotland’s world class expertise has allowed record exports of products and services in oil and gas.

Total supply chain sales are now worth in excess of £22bn a year, with direct international sales accounting for almost half that figure.

“Scotland’s Energy sector is a force to be reckoned with and I am delighted to welcome such a large delegation representing Scotland’s Oil & Gas industry. In recent times, the global climate in the Oil & Gas sector has been challenging and it is very encouraging that Scotland’s supply chain continues to seek opportunities both domestically and in overseas markets.

“Scotland’s core strengths across the supply chain span from technology and engineering through to project management, health & safety and training & education. This mission is an opportunity to showcase Scotland’s expertise and to build on existing commercial partnerships. I look forward to significant partnerships and trade deals being forged as a result of this mission”, said Cherise Mascarenhas, Country Head – India, Scottish Development International.

At the PETROTECH event, a new Gas Forum designed with UK support launched on 6 December to provide stakeholders with a platform and a voice to shape the development of India’s gas market. The Forum will be hosted at PETROFED, and has been designed with input from IHS and ICF. Gas markets will play an important role in India’s plans to boost energy security and develop cleaner fuels.

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