New Delhi, 26 February (HS). The country's oldest oil exploration and production company Oil India Limited (OIL) is going to organize a global partner road show in Abu Dhabi on 28 February. The objective of organizing this event is to showcase OIL's commitment to rapid growth and international partnerships.
The Ministry of Petroleum and Natural Gas said in a statement issued on Monday that OIL is going to organize a global partner road show in Abu Dhabi on 28 February. These programs reflect OIL's commitment to accelerated growth and international engagement. According to the ministry, the company is determined to set ambitious production targets of annual production of 4 MMT oil and 5 BCM gas by financial year 2026-27.
Apart from this, with the target of generating revenue of US$ 1200 crore by the year 2030, the company plans to invest US$ 480 crore in various activities – enhancing exploration efforts, enhancing field development and accelerating production. Additionally, OIL is set to expand aggressively in offshore Indian fields.
According to the ministry, this road show will be hosted by senior OIL officials including Chairman and Managing Director, Director (Operations) of OIL. The event will serve as an important platform to outline OIL's detailed procurement strategies for the upcoming one to five years, providing a unique platform for partners to engage, deliberate and accelerate the partner onboarding process. Will do. The event underlines OIL's priority on building stronger relationships with its partners to explore new business opportunities in the energy industry. The event is expected to attract over 50 leading companies from the energy services industry.
According to the Petroleum Ministry, the event will mark a major milestone in the company's history, potentially transforming the landscape of global energy cooperation. Additionally, OIL will focus on driving innovation, sustainability and strategic alliances with the aim of setting new industry standards through collaborative efforts globally.
Hindustan News/Prajesh Shankar/Virendra
Click here to join our Telegram group, also click here to download our app for latest Hindi news and information related to Varanasi.
