Wednesday, August 17th, 2022 18:50:33

Dharmendra Pradhan invites OPEC countries to invest in India

Updated: November 6, 2020 1:51 pm

Petroleum and Natural Gas Minister Dharmendra Pradhan has invited OPEC member countries to invest in India, especially in the efforts to transform the country into a manufacturing hub which will be at the heart of the global value chain. The minister co-chaired the 4th high-level meeting of the India-OPEC Energy Dialogue yesterday along with Secretary-General of OPEC Secretariat Mohammad Sanusi Barkindo.

Talking to the virtual meeting, Mr. Pradhan urged OPEC countries to take a deep look at the rapidly changing global oil and gas sector due to COVID-19 and revisit the ongoing exchanges so that energy challenges, particularly in the oil sector, can be jointly addressed. He also reiterated Prime Minister Narendra Modi’s appeal of not letting a purely economic agenda define globalisation and also stressed on the need for a consumption-led energy demand recovery, oil price affordability for the long-term sustainability of crude oil markets and enhancing energy access.

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