URJA SANGAM-2015 -Shaping Indias Energy Security - ONGC Videsh
Mumbai March 20 2015
Energy security is the backbone of key government initiatives like affordable and reliable energy even for the poorest person, Power for All by 2019 and Make in India push for manufacturing sector. More energy resources thus are required to fulfill these objectives that will drive the needs of growing economy and surging nation.
To meet this purpose , the first international energy summit, "Urja Sangam 2015 : Shaping India's Energy Security," has been organised under the aegis of the Petroleum & Natural Gas Ministry on 27th March, 2015 at New Delhi. This summit envisages bringing together all the state-owned companies in the energy sector for better synergy and a unified energy vision.
The summit aims to create long-term business opportunities by drawing a road map to firm-up the country's energy security, integration of downstream, midstream and up-stream segments besides firming up cooperation agreements with key global players.
The event shall also celebrate golden jubilee milestones of ONGC Videsh , Engineers India Limited and IndianOil’s Barauni Refinery.
ONGC Videsh supports India’s oil and gas security through overseas participation in oil and gas Exploration and Production activities. The company which began its overseas operations in an oilfield in Iran in 1965 has today emerged as the country’s flagship international petroleum company with interest in 36 oil and gas assets in 17 countries.
The emerging industry landscape augurs well for the company as it evolves into a leading New Multinational Oil Company (NMOC). As a NMOC, the company is positioning itself to be a key ONGC growth vehicle by aiming for 60MMTOE production by 2030.
ONGC Videsh has emerged as India’s most internationalized company based on the Trans nationality Index (TNI) as per survey conducted jointly by Indian school of Business (ISB), Hyderabad and Fundacao Dom Cabral (FDC), Brazil.