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Simla Stock:In the next ten years, India plans to invest 206 billion US dollars in oil and natural gas

In the next ten years, India plans to invest 206 billion US dollars in oil and natural gas

According to Indian officials, the FCS (Mumbai, Editor Zhou Ling), according to Indian officials, in the next 8 to 10 years, India’s investment in the oil and natural gas departments may be as high as US $ 206 billion.

Local time on Monday (25th), Modi will speak to global executives at the India Energy Forum held by Cera.US Energy Minister Dan Brouillette, Saudi Energy Minister Abdulaziz, and Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Petroleum Corporation, will participate in the forum.Simla Stock

"When you realize that the country will see such a huge investment within ten years, the importance of this global conference will appear." Indian government officials told the media.

"Among them, it covers a $ 67 billion natural gas infrastructure investment, including increasing liquefied natural gas production capacity, pipelines and urban gas distribution networks. Global enterprises such as Daedar, ExMobil and Shell have shown interest in this field."Officials say.Jaipur Wealth Management

He also said that it will invest in the UK Petroleum Corporation, Indian Petroleum and Natural Gas Company and Indian Petroleum Corporation to invest about $ 59 billion in Indian exploration and production solutions.On the other hand, in the downstream market, including marketing, refinery expansion and new refinery plans, it is also expected to receive another $ 80 billion in investment.Varanasi Wealth Management

At present, Indian fuel sales is in a recovery track, and the demand for atrophy caused by the outbreak of the epidemic and economic blockade is gradually shrinking.

In the first two weeks of October 2020, Indian gasoline demand increased by 1.5%; diesel and liquefied petroleum gas increased by 8.79%and 6.93%year -on -year, respectively.Hyderabad Stocks

It is estimated that by 2040, the world’s total energy demand will grow at a rate of less than 1 % per year, and this growth will be mainly supported by India and other Asian countries.By 2040, India’s energy demand will increase at about 3 % per year.

In addition, in recent years, India has paid more and more attention to clean energy."The share of renewable energy in power capacity has been significantly increased from about 10 % of 2014-15 to 22 %. The proportion of ethanol mixed ratio has risen from 0.67 % in 2012 to 6 %."Government officials said.Lucknow Wealth Management

He said, "We have launched plans such as UJJWALA, providing clean energy for ordinary people, and launching BS VI fuels, and hydrogen natural gas has also become part of our package of fuel."

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