In a social media post on Platform I shared the insights I gained.
Minister Puri’s post read: “Meeting with His Excellency Ian Lindsay, Senior Advisor to the Executive Board of the Bahrain Economic Development Board, with Mr. Mark Thomas, CEO of @Bapco Refining also present, Lindsay… He and I discussed the new situation.” In the Middle East. Under the leadership of Prime Minister @narendramodi, India, which ranks as the 4th largest refinery in the world with a current production capacity of 254 MMTPA, and Bahrain, which plans to upgrade and expand its Sitra refinery, scheduled to come online in 2024. We discussed how this provides significant opportunities to increase production capacity. Mutual bilateral hydrocarbon trade and investment. We also discussed how investment opportunities in India’s refinery-cum-petrochemical sector and 2G/3G biofuel refineries can enable companies from both countries to fruitfully engage in this sector. ”
https://twitter.com/HardeepSPuri/status/1747504045869387828?s=20
Discussions focused on India’s strength as the world’s fourth-largest refiner and leveraging its considerable refining capacity.
Under the leadership of Prime Minister Narendra Modi, India has become an important player in the hydrocarbon sector.
The planned upgrade and expansion of Bahrain’s Sitra refinery in 2024 is in line with India’s vision for collaborative growth in this sector.
Minister Puri highlighted the possibility of mutual involvement in the production of refineries and petrochemical sectors and 2G/3G biofuel refineries. These instruments provide promising investment opportunities for both companies and foster a fruitful partnership in the hydrocarbon sector.
The meeting highlighted the shared commitment to explore innovative approaches to the evolving situation in the Middle East and strengthen economic cooperation between India and Bahrain.
Bilateral talks at WEF Davos 2024 set the stage for a new chapter in cooperation efforts as India establishes itself as a global leader in refining capacity and Bahrain prepares for major upgrades to its refinery infrastructure bilaterally and contribute to the growth and development of hydrocarbon trade. (Ani)
This report is auto-generated from ANI News Service. ThePrint assumes no responsibility for its content.
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