Page 157 - CW E-Magazine (30-4-2024)

Hydrocarbons Meetings & Conferences

EXCEEDING TARGETS INDIA : +91-98202 24550  : Info@verve-management.com
Oil PSUs made capex of Rs. 1.28-lakh crore in FY24 June 2024  : Rohit@chemexpoindia.com : Smartportstransformation.com
: Chemprotechindia.com
16-21 | Goa 21-22 | Dammam, Kingdom of
State-run oil companies made a ments have fl own into refi ning, petro- but higher than the initial target of
combined capital spending of Rs. chemicals, pipelines, gas infrastructure Rs. 10,210-crore set for FY24. HPCL 24th International Symposium on 29-30 | Mumbai Saudi Arabia
1,28,000-crore in FY24, a fi fth more and biofuel production facilities. is building a greenfi eld refi nery-cum- Surfactants in Solution Chem Logistics India 2025 World Hydrogen Forum 2024
than the capex target they had set at the petrochemical complex in Barmer, BITS Pilani K K Birla Goa campus & ChemProTech India Expo Pvt. Ltd. Valiant & Company
beginning of the year and 12% more ONGC, the nation’s top producer Rajasthan, which has seen massive cost IISER Pune & Institute of Chemical : Rohit Pande : +966-5979 74876
than the amount they spent the previous of oil and gas, was the second-largest escalation. The company has also been : +91-98202 24550
year. spender. It spent Rs. 34,551-crore, 14% investing in expanding its natural gas, Technology (ICT), Mumbai  : Rohit@chemexpoindia.com : Worldhydrogenforum.com
higher than Rs. 29,209-crore in the pre- biofuel and transportation infrastruc-  : Sis2024@goa.bits-pilani.ac.in
ONGC, IOC, BPCL, HPCL, GAIL vious year and 15% more than the ori- ture. : Sis2024.surfi nsol.org : Chemprotechindia.com June 2024
and Oil India all exceeded their initial ginal capex target of Rs. 30,125-crore
annual capex target for 2023-24, for FY24. The company has drilled a BPCL spent Rs. 11,000-crore, October 2024 INTERNATIONAL 10-14 | Frankfurt, Germany
according to the oil ministry data. record number of 541 wells during the higher than the Rs. 10,000-crore it ACHEMA 2024
year, said Mr. Manish Patil, Director had budgeted for this year originally, 17-19 | Mumbai May 2024 DECHEMA Ausstellungs-GmbH
IOC, the nation’s top refi ner and (Finance) at ONGC. but marginally lower than its previous India Chem 2024  : +49-69 7564 750
fossil fuel retailer, was the largest year’s spending of Rs. 11,527-crore. 13th Biennial International Exhibition & 6-8 | Kingdom of Saudi Arabia  : Visitor@dechema.de
spender among state oil firms. Its “ONGC has plans to maintain this GAIL, the nation’s top transporter Conference MEPEC 2024
expenditure of Rs. 38,660-crore in FY24 enhanced level of capex of around Rs. and marketer of natural gas, spent Rs. : Manoj Mehta American Institute of Chemical : Achema.de/en
was higher than the initial outlay of 33-35,000-crore in the next three fi scals 10,388-crore in FY24, higher than the  : Manoj.mehta@ficci.com/ Engineers (AIChE)
Rs. 30,395-crore and the previous year’s for newer energy prospects and to mone- budgeted Rs. 7,750-crore for the year  : + 971-4427 0739 12-14 | Ho Chi Minh City, Vietnam
spending of Rs. 35,205-crore. IOC is tise the discovered reserves on fast- and Rs. 8,313-crore used in the previ- Cpc@ficci.com  : Info@e3-worldwide.com Coatings Expo Vietnam 2024 –
building a greenfi eld refi nery in Tamil track,” said Mr. Patil. ous fi scal. : Indiachem.in/
Nadu in a joint venture with Chennai : Mepec.org The 9th International Exhibition on
Petroleum. IOC recently said it would HPCL made an expenditure of Rs. Oil India’s expenditure of Rs. December 2024 Coatings and Printing Inks Industry
now take a 75% stake in the project 13,842-crore in FY24, the third highest 5,390-crore was higher than the target 4-6 | Mumbai 13-14 | Dubai, UAE in Vietnam
whose cost had escalated. Earlier it had among state oil fi rms. This was simi- of Rs. 4,896-crore and the previous Indian Foam & Polyurethane Expo 13th GPCA Plastic Conference Minh Vi Exhibitions and Advertisement
agreed to take only 50%. IOC’s invest- lar to the amount HPCL spent in FY23 year’s spending of Rs. 5,057-crore. Media Fusion & Crain Communications Gulf Petrochemical and Chemicals Services Co. Ltd. (VEAS)
: Ms. Fatima Khan Association (GPCA) Sales Team
PROJECT REVIVAL : +91-84461 76554  : +971-4-451 0666 Extn. 103,106,155  : +84-28 3848 8561
ONGC to soon begin drilling for geothermal project  : Fatimakhan@mediafusionme.com  : Sales@gpca.org.ae  : Info@veas.com.vn
: Coatings-vietnam.com
in Ladakh : Ifpuexpo.com : Gpcaplastics.com

April 2025 15-16 | Dubai, UAE 19-20 | Messe Düsseldorf, Germany
ONGC is planning to mount a fresh ing the project at Puga in Ladakh, was then for space heating, aqua farming 29-30 | Mumbai 15th GPCA Supply Chain Conference Chemspec Europe 2024
drilling campaign in June for India’s quoted as saying in an Economic Times and herbal spas. ONGC is being ChemExpo India 2025 Gulf Petrochemical and Chemicals RX Global
fi rst geothermal project after suffering report. advised by consultants from Iceland, Association (GPCA) Sales Team : Gloria Vezzoli
a setback two years ago. If success- a country that depends on geothermal ChemExpo Exhibitions Pvt. Ltd.  : +971-4-451 0666 Extn. 103,106,155  : +44-(0)-1727 814 543
ful, the project could open a source for If all goes well, a power plant of at energy for two-thirds of its primary : Rohit Pande  : Chemspeceurope@rxglobal.com
emission-free electricity, space heating, least 1-MW capacity will be set up by energy. In 2022, ONGC had to abandon a : +91-98202 24550  : Sales@gpca.org.ae
and irrigation in Ladakh. next year, he added. The geothermal well it was trying to drill after encoun-  : Rohit@chemexpoindia.com : Gpcasupplychain.com : Chemspeceurope.com
wells help pipe hot water or steam to tering a high volume of uncontrolled : Chemexpoindia.com
The company plans to begin drilling the surface, which then is used to power water. This time the contractor would 21-22 | Riyadh, KSA 24-27 | Marseille, France
the fi rst well in the second or third week a turbine to generate electricity. have advanced equipment, including a 32nd European Biomass Conference
of June and complete two geothermal blow-out preventor, to mitigate those 29-30 | Mumbai Smart Port & Logistics Transformation
wells of 1,000-meters depth each by Water with a temperature of 220°C challenges. Last year, no drilling con- ChemProTech India 2025 Summit KSA 2024 and Exhibition – EUBCE 2024
September-end, ONGC Energy Centre is expected at Puga. The steam could tractor showed interest in the project ChemProTech India Expo Pvt. Ltd. Verve Management ETA-Florence Renewable Energies
Director General Ravi, who is oversee- be fi rst used to produce electricity and due to logistical challenges. : Rohit Pande : +971-4-243 4677  : +39-055 5002174

156 Chemical Weekly April 30, 2024 Chemical Weekly April 30, 2024 157

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