Visakhapatnam, September 10, 2006
Petroleum considered to be the most exploited energy source
Giving Prof. Chelikani Chiranjeevi Endowment Lecture on ‘Petroleum Industry in India-Future Prospect' at Andhra University (AU) on Sunday, the director of Indian Institute of Petroleum, Dehradun MO Garg said that nearly 127 million metric tons of crude oil is being produced in India through 18 refineries which might go up to 230 million metric tons by 2012. He said that petroleum is the most exploited energy source and about four billion million metric tons is being consumed per annaum world over.
He expressed concern over the decreasing oil refineries,, he held population and economic growth responsible for such a demand for energy sources. He suggested regulatory policy would help sustain the petroleum production and proper exploitation of the petroleum sources in the country.
The Vice Chancellor and AU L.Venugopal Reddy presided over the programme said that the academic and research contributions of Prof Chelikani Chiranjeevi in the area of chemical engineering, petroleum products in particulars. Executive members and senior professors were present on the occasion.
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