Indian Oil's Chairman Discusses Energy Portfolio and Green Hydrogen Initiatives
Key Ideas
- Indian Oil Chairman reassures limited impact of U.S. sanctions and Trump administration measures on India due to diversified energy sources.
- Predictions indicate international crude prices to remain stable around USD 75-80 per barrel with a preference towards the lower end.
- Indian Oil actively involved in city gas distribution with expansion plans in 47 areas and a focus on infrastructure development.
- Indian Oil to commission a 10,000-ton green hydrogen plant in Panipat within two years, aligning with India's renewable energy goals.
In a statement made at Davos, Indian Oil Chairman Arvinder Singh Sahney addressed concerns about the potential impact of U.S. sanctions on Russia and punitive measures from the Trump administration on India. Sahney expressed confidence in the country's energy resilience, citing a diversified portfolio that includes sources from OPEC, OPEC+, and regions like the Gulf, Guyana, Brazil, and the U.S. He predicted that international crude prices would range between USD 75 and USD 80 per barrel, leaning towards the lower end. Sahney also highlighted Indian Oil's active involvement in city gas distribution, mentioning operations in 47 geographical areas and the company's commitment to expanding infrastructure in this sector. While there are no immediate acquisition plans, Sahney emphasized Indian Oil's progress in the green hydrogen domain. The company is gearing up to launch a 10,000-ton capacity green hydrogen plant in Panipat within the next two years, aligning with India's National Green Hydrogen Mission objectives aimed at boosting renewable energy production.
Topics
India
Green Hydrogen
Acquisitions
Infrastructure Expansion
City Gas Distribution
Energy Portfolio
Crude Prices
Latest News
2
4
Boeing Partners with Norsk e-Fuel to Boost Sustainable Aviation Fuel Production in Europe and Beyond
Transportation | 38 minutes ago