Overview of Oil and Gas Business
The BMI session conducted on 19th of February’20 was graced by Mr. Arup Sinha, Executive Director, Southern Regional Office, Indian Oil Corporation Limited. He gave an overview about the Oil and Gas Business in general, the limitations and challenges faced as a result of transition from fossil fuel to biogas.
Mr. Sinha spoke about the need of being environment and resource conscious, due to the enormity of impact of oil on the economy of the country. India imports 82% of its oil needs and it aims to bring that down to 67% by 2022, by replacing it with renewable energy and indigenous ethanol fuel.