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Indian Petroleum Minister Pradhan Visits Qatar

Indian Petroleum Minister Pradhan Visits Qatar

Indian Petroleum Minister Pradhan Visits Qatar

The Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan visited Doha, Qatar on November 9-10, 2015 to attend the 6th Asian Ministerial Energy Roundtable, which was organized by Governments of Qatar and Thailand in association with the International Energy Forum.

Shri Pradhan addressed the roundtable on the theme “Oil markets: a new normal or just another cycle, and what it means for Asia”. The Roundtable was attended by Energy Ministers and high-level delegations from twenty Asian countries and Heads of six international organizations. In his address the Minister laid emphasis on the need for Oil suppliers to make earnest efforts for a Responsible & Reasonable Pricing, which should be sustainable so that “Energy Poverty” gives way to “Energy Justice” in countries like India. He asked for greater transparency and balance in the Oil market to ensure that fiscal positions of countries like India are not unduly stretched due to rising prices. He also reiterated the demand to end the practice of charging “Asian Premium” and instead provide “Asian Dividend” to countries like India. He advocated that to achieve a more stable oil market large buyers and large sellers of oil need to develop mutual investment linkages.

On the margins of the roundtable Shri Pradhan called on Prime Minister of Qatar and later held a separate meeting with his Qatari counterpart. He also held bilateral meetings with his counterparts from Saudi Arabia, Bangladesh, Russia, UAE, Malaysia and Brunei during which existing relations and future possibilities of cooperation were discussed. He also held a meeting with Secretary General of IEF.

Shri Pradhan was accompanied by Ambassador, senior officials of MoPNG and CMDs/MDs of IOC, GAIL, EIL and Petronet LNG Limited.

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