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PETROTECH 2016 Conference Inaugurated by PM Modi in New Delhi

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PETROTECH-2016, the 12th International Oil & Gas Conference & Exhibition was held at Pragati Maidan in New Delhi from December 4 to 7, 2016.

PETROTECH-2016 Exhibition

Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan inaugurated the Petrotech 2016 Exhibition at Pragati Maidan, New Delhi on December 4, 2016.

  • The Petrotech -2016 Exhibition, one of the biggest oil & gas exhibitions was held with participation of top oil & gas companies from across the world and nearly 600 exhibitors from over 50 countries covering 15,000 square metres of exhibition area.
  • Exclusive pavilions were set up to showcase initiatives like ‘Make in India’ and Renewable Energy and several other focus areas of Government policy.

PETROTECH-2016 Conference

  • The Petrotech 2016 main Conference was inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi at Vigyan Bhawan on December 5, 2016.
  • Theme of the conference: “Hydrocarbons to fuel the future – Choices & Challenges”.

About PETROTECH-2016

The PETROTECH International Oil & Gas Conference and Exhibition is a mega event held after every two years to provide a platform for global experts in the oil & gas industry to exchange views and share knowledge, expertise and experiences.The event is being held for over two decades.

  • PETROTECH-2016 was organized under the guidance of the Ministry of Petroleum & Natural Gas, Government of India, and coordinated by Indian Oil Corporation Limited.
  • PETROTECH-2016 aimed to explore areas of growth in petroleum technology, exploration, drilling, production & processing, refining, pipeline transportation, petrochemicals, natural gas, petroleum economics, legal and human resource development, marketing, research & development, information technology, safety, PETROTECH 2016health & environment management in the energy sector.
  • The conclusion of the Petrotech-2016 on December 7, 2016, was marked by signing 11 MoUs for different purpose.

List of MoUs Signed

1.IOCL, BPCL and HPCL
i.The three Firms signed a pact to build India’s biggest oil refinery and mega petrochemical complex at a cost of $30 billion on the west coast of India in the State of Maharashtra.
ii.The total capacity of the project will be 60-million tonne a year.
iii.IOC will hold a 50 per cent stake in the project while BPCL and HPCL will have 25 per cent each.
iv.The mega refinery will produce petrol, diesel, LPG, ATF and feedstock for petrochemical plants in plastic, chemical and textile industries in Maharashtra.
v.The 60-million tonne a year project will be set up in two phases.
Phase-1: The capacity of the project will be 40 million tonne and cost Rs 1.2-1.5 lakh crore.
The project will require 12,000-15,000 acres of land and will be set up within 5-6 years after the acquisition of the land. The project will include aromatic complex, naphtha cracker unit and a polymer complex.
Phase-2: The capacity of the project will be 20 million tonne and will cost Rs 50,000-60,000 crore.
Fifteen-million tonne a year by IOC at Paradip in Odisha is the biggest refinery any public sector unit has set up at one stage.

2.MoU between OIL and Technology Incubation Centre, IIT Guwahati

Under this MoU, Technology Incubation Centre (TIC), IIT-Guwahati will serve as an incubator for mentoring start-ups set up under OIL Start-Up Initiative.

3.MoU between ONGC and IIT Mumbai

  • Under this MoU, IIT, Mumbai would support ONGC’s Start-Up Initiative,
  • ONGC launched a Rs. 100 crore start up fund on its diamond Jubilee year. This MoU aims at working on the problems of ONGC’s Start Up Initiative related to the energy sector and for enhancing the operational capabilities of ONGC.

4.MoU between ONGC and Halliburton: The MoU was signed for Production Enhancement Contract in Kalol field in Gujarat.

5.MoU between ONGC and Schlumberger: The purpose of this MoU is for Production Enhancement Contract in Geleki field in Assam.

6.MoU between IOCL and M/s Praj Industries Ltd: This MoU is Cost Sharing MoU between the two firms to enable IOCL to set up 2G Ligno-Cellulosic Ethanol Plants which is biomass to ethanol plant at Dahej, Gujarat with a capacity of 100 KL / day.

7.MoU between IOCL and M/s Praj Industries Ltd: This MoU is also a Cost Sharing MoU between the two firms as IOCL is planning to set up a 2G Biomass to Ethanol plant at Panipat, Haryana of 100 KL per day capacity.

8.MoU between BPCL and Institute of Chemical Technology: This MoU requires Institute of Chemical Technology to Transfer Technology to enable BPCL to set up 2G Biomass Ethanol Bio-refinery at Bina, M.P, with a capacity to process 400 tonnes/day of Biomass.

9.MoU between BPCL and M/s Praj Industries Ltd: This MoU requires M/s Praj Industries Ltd to Transfer Technology to BPCL to enable the firm to set up 2G Biomass Ethanol Bio-refinery at Bargarh, Odisha with a capacity to process 400 tonnes/day of Biomass. The plant is expected to be commissioned in December, 2018.

10.MoU between HPCL and Department of Investment Promotion, Govt. of Punjab: This MoU aims at setting 100 KL per day capacity Second Generation Ethanol plant by HPCL in Bhatinda, Punjab.

11.MoU between HPCL and Institute of Chemical Technology: The purpose of this MoU is technology tie-up to provide technology assistance for the proposed Second Generation Ethanol plant at Bhatinda.

Apart from MoUs Books and knowledge papers were also launched on the concluding day of PETROTECH-2016.

1.EYE ON INDIA ENERGY 2016.

Eye On India Energy 2016 report is produced in cooperation with MoP&NG, MEA, PetroFed, Invest India, and FICCI which showcases policies like HELP, the opportunities of developing a gas-based economy and the nation’s commitment to source 40% of its energy from non-fossil fuels.

2.McKinney’s Knowledge Paper

McKinney released a knowledge paper ‘Transforming energy to transform India’ that highlights the most potential energy scenario for India.

3.First 100 days – by Ms. Shuva Raha

This is a book written by Ms. Shuva Raha on Mr Subir Raha’s First 100 Days in ONGC, which were drastic, sweeping and relentless.

4.Oil: Lighting up our lives by D.K. Taknet

The book Oil: Lighting up our lives focuses on discovery, development and uses of oil and its availability that transformed the fate of nations.

Web Portal Launched

ONGC, OIL and IOCL also launched Web Portals under “Start-Up India”.

  • During the launch important dignitaries present were: Union Minister Petroleum and Natural Gas Minister Dharmendra Pradhan; Road Transport and Highways and Shipping Minister Nitin Gadkari; Power, Coal, New and Renewable Energy and Mines Minister for Piyush Goyal; and Environment, Forest and Climate Change Minister Anil M. Dave.
  • Start-Up India initiative was launched by the Prime Minister of India on January 16, 2016.
  • Startup India campaign aims at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The Standup India initiative is also aimed at promoting entrepreneurship among SCs/STs, women communities.