First Tech Meet of Hydrocarbon Vision 2030

The first technology two-day meet under the Hydrocarbon Vision 2030 for Northeast India has begun in Guwahati and deliberate various issues regarding implementation of the document which envisages an investment of Rs 1,30,000 crore. The meet is a stepping stone to put the north-east region on top of Indian energy map by utilising its hydrocarbon potential in line with the Hydrocarbon Vision 2030.

The experts from different PSUs and private sector oil firms are attending the two-day technology meet. The Technology Meet is an initiative of the sub- committee of the upstream sector led by ONGC and has members from upstream national oil companies as well as private companiesUnder the Hydrocarbon Vision 2030, for the northeast, oil and natural gas output from the region will be doubled besides ramping up refining capacity entailing an investment of Rs 1,30,000 crore over the next 15 years. Out of this, Rs 80,000 crore will be required for upstream activities of existing and new oil and gas blocks for exploration, while Rs 20,000 crore will be needed for midstream actions, including setting up of four new natural gas pipelines, five new POL product pipelines and three new LPG pipelines. In the downstream area, three existing refineries will be expanded, a new bio-refinery will be set up at Numaligarh and CGD network will be developed across the region at a total investment of Rs 30,000 crore by 2030.

So let’s discuss some questions related to this post:
1. Name the place where the first technology meet under the Hydrocarbon Vision 2030 for Northeast India is going on?
2. What is the investment amount under the Hydrocarbon Vision 2030?

Courtesy: Business Standard


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