Explorer

ONGC hopeful of 10pct import reduction by 2022

New Delhi [India], Oct. 19 (ANI): Chairman and Managing Director (CMD) of ONGC, Shashi Shanker on Thursday said that the initiatives in the oil and gas sector in India need to implemented, keeping in mind Prime Minister Narendra Modi's vision of reducing import quantity by 10 percent by 2022.

Shanker, while extending the greetings of Diwali on behalf of the ONGC team, said that the investments will continue to take place in new technologies. He added that the star performers should be empowered and encouraged, while adopting a more innovative and competitive approach.

"The power of thoughts and confidence is directly linked with positive output. Let's commit ourselves to excellence, in line with Prime Minister Modi's mission to facilitate a 10 percent reduction in imports by 2022," he said.

Shanker also said the oil and gas sector in India is going through critical issues in terms of low oil price regime, environmental challenges and disruption in the form of electrical mobility. However, given India's immense potential, there is a need to instil better preparation.

"Two things need to be achieved. One, we must look into energy exploration, production and diversification. And two, we need to harness our true potential," Shanker added.

ONGC is India's biggest oil and gas producer. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections: Report
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections
'Kejriwal Ko Ashirwaad': Wife Sunita Kickstarts WhatsApp Campaign For Delhi CM
'Kejriwal Ko Ashirwaad': Wife Sunita Kickstarts WhatsApp Campaign For Delhi CM
Lok Sabha Polls 2024: JD(S) Announces Candidates For 3 Seats; HDK To Contest From Mandya
Lok Sabha Polls 2024: JD(S) Announces Candidates For 3 Seats; HDK To Contest From Mandya
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
Advertisement
for smartphones
and tablets

Videos

ABP SHIKHAR SAMMELAN 2024: Rajnath Singh Talks About Border Issues In Arunachal Pradesh | ABP NewsABP Shikhar Sammelan 2024: Will Mukhtar Ansari's death be an electoral issue? | Rajnath SinghMukhtar Ansari Death: Jailed Gangster-Politician Mukhtar Ansari Dies Of Heart Attack | ABP NewsABP Shikhar Sammelan 2024: Rajnath Singh explains the current scenario of Indo-China Border
Embed widget