Petrotech 2009 concludes, ONGC to Host Petrotech-2011

January 15th, 2009 - 8:43 pm ICT by ANI  

New Delhi, Jan.15 (ANI): The Petrotech 2009 Conference organized by Indian Oil Corporation (IOC) came to a successful completion here on Thursday.
Speaking on the occasion, Petroleum Secretary R.S. Pandey announced that the Oil and Natural Gas Commission (ONGC) would host Petrotech 2011.
He praised the participants of the conference for deliberating not only on wide range of issues concerning the exploration, production and supply of the hydrocarbons, but also for focussing on research and development.
The conference, he said, had also been successful in providing an insight into the issues concerning supplies and consumers.
The large number of research papers presented during the conference, he said, have given an assurance to India and the world about its earnest endeavours towards achieving energy security.
He also complimented the Indian Oil Corporation for taking remarkable painstaking efforts to make the event successful particularly at a difficult time like this.
He described the timing of the conference as very opportune, as the world has recently seen highly volatile oil prices which once reached about USD 147 per barrel and had now plummeted to USD 35 a barrel in the last six months.
Expressing hope that such volatility will not be seen again, he called for some sort of regulation on this account to check speculation.
Dr. Anil Kakodkar, Chairman, Atomic Energy Commission of India elaborated upon the importance of hydrocarbons amongst the primary sources of energy and pointed to the emerging role of nuclear energy in the years to come.
He said that the linkage between the hydrocarbon and nuclear energy would increase as efforts are on to promote use of Hydrogen as a transportation fuel. The nuclear energy which primarily produce electricity would be a significant resource to produce hydrogen, he said.
The Petrotech 2009 was attended by about 4000 delegates, guests and speakers from about 50 countries and 1050 representatives from different organizations. The exhibition organized on the occasion had 273 companies participating from across the global. One hundred and forty one companies participated in the event from India and 132 from overseas. (ANI)

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