(PTI)
India will showcase its oil sector policy reforms and investment opportunities at the 16th International Energy Forum (IEF) Ministerial, slated for April in New Delhi where scores of ministers, top officials and industry executives from across the globe are expected to participate, oil minister Dharmendra Pradhan said.
IEF, comprising 72 member countries, is one of the biggest global forums of oil and gas producers and is currently headed by Saudi Arabia. Prime Minister Narendra Modi will inaugurate the ministerial to be held from April 10 to 12. China and South Korea are the co-hosts.
Ninety percent of oil and gas producers and consumers would be represented at the event, which would thus be a good opportunity to present India as an investment destination, Pradhan said. The issue of “reasonable and responsible pricing” and Indian demand of junking the so-called Asian premium will also be discussed, he said.
