India poised to export oil products worth $40 bn
India is poised to export oil and its products worth 40 billion US dollars, thanks to the good performance of refineries both in the private and public sector in the country.
By PTI |
NEW DELHI: India is poised to export oil and its products worth 40 billion US dollars, thanks to the good performance of refineries both in the private and public sector in the country, Government said on Friday.
"Today, we are in a position to export oil and its products worth 40 billion dollars. Our refineries, particularly Reliance and Essar in the private sector, and also those in the public sector are doing very well," Petroleum Minister Murli Deora told Rajya Sabha.
Deora said this while winding up a brief discussion on the Rajiv Gandhi Institute of Petroleum Technology Bill, 2007 which was passed by the House unanimously.
The Bill seeks to establish the institute at Jais in Rae Bareli in Uttar Pradesh, represented by Congress President Sonia Gandhi, as an institution of national importance.
It is intended to meet the growing requirement of trained manpower in the sector which would be about 36,000 by 2019, Deora said while piloting the Bill.
The institute is designed to serve as the fountainhead for nurturing of world class technical human resource capable of serving as the leaders and innovators of tomorrow in the field of petroleum technology, as per the statement of objects and reasons of the bill.
It has become necessary to intensify exploration efforts with a view to achieve one hundred per cent coverage of all unexplored basins in a timebound manner, the bill said.
"Today, we are in a position to export oil and its products worth 40 billion dollars. Our refineries, particularly Reliance and Essar in the private sector, and also those in the public sector are doing very well," Petroleum Minister Murli Deora told Rajya Sabha.
Deora said this while winding up a brief discussion on the Rajiv Gandhi Institute of Petroleum Technology Bill, 2007 which was passed by the House unanimously.
The Bill seeks to establish the institute at Jais in Rae Bareli in Uttar Pradesh, represented by Congress President Sonia Gandhi, as an institution of national importance.
It is intended to meet the growing requirement of trained manpower in the sector which would be about 36,000 by 2019, Deora said while piloting the Bill.
The institute is designed to serve as the fountainhead for nurturing of world class technical human resource capable of serving as the leaders and innovators of tomorrow in the field of petroleum technology, as per the statement of objects and reasons of the bill.
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It has become necessary to intensify exploration efforts with a view to achieve one hundred per cent coverage of all unexplored basins in a timebound manner, the bill said.
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