Venkatesh MR

Grand Master in CHESS and working as Executive in Bharat Petroleum Corp Ltd.

[Venkatesh MR @mistervenki]

#NewIndia

[Hardeep Singh Puri @HardeepSPuri]

Russia is one of the largest crude producers with over 9 million barrels/day. Imagine the chaos if this oil, amounting to about 10% of the global oil supply of around 97 million, vanished from the market. It would have forced the world to reduce its consumption, and since the consumers would be chasing the reduced supplies, the prices would’ve spiralled to over $120-130.

Russian oil was never under global sanctions. Sensible decision makers around the world were aware of the realities of global oil supply chains and how India was only helping the global markets by buying discounted oil under a price cap from wherever we could.

Some commentators who do not have an understanding of the dynamics of energy markets pass unnecessary judgements on our policies.
India, under the leadership of PM @narendramodi Ji, has been a net positive contributor to global energy price stability, while at the same time we successfully navigated the trilemma of energy availability, affordability and sustainability.

India continues to provide clean cooking gas to our 330 million households at the lowest prices in the world, while we provide universal clean cooking to more than 103 million beneficiary families of PMUjjwala Scheme at just 0.4 dollars/kg or just 7-8 cents/day.

@PetroleumMin @MEAIndia @MIB_India @PIB_India @ANI @ians_india @PTI_News @ReutersAsia @ReutersBiz @business @CNBC @OPECSecretariat @IEA @indiandiplomats @IndiainAustria @IndEmbMoscow

[Hardeep Singh Puri @HardeepSPuri]

Historic day in India’s quest towards energy security and energy self-sufficiency under the dynamic and firm leadership of PM Sh @narendramodi Ji. Oilfields (Regulation and Development) Amendment Bill 2024 successfully passed in Lok Sabha today! Far-reaching amendments made in the existing legislation will further strengthen and propel India’s energy sector under the leadership of PM Modi Ji, and ensure policy stability, international arbitration, extended lease periods etc.
The present global energy scenario and the hydrocarbon landscape has dramatically changed. Hence, there was a need to amend the Act to reflect current realities, national priorities, promote Ease of Doing Business (EoDB), decriminalize provisions and align India’s Exploration and Production (E&P) framework with practices of competing geographies. By virtue of the fact that we are going to rely on conventional energy for some time we need to step up our exploration and production activities. Today’s successful passage of the bill will be a constructive and positive step in this direction. Utilisation of energy is a reasonably good indicator of economic performance. Today we are consuming 5.5 Million Barrels of crude oil in a day. Just three and a half years ago this consumption was 5.0 Million Barrels. If we continue to grow at the rate at which we are, we will go upto 6.5-7.0 Million Barrels Per Day. India’s transformation to being #ViksitBharat will require a large amount of energy in all forms. Steps have been taken to enhance India’s energy exploration and production.

Earlier one million sqkm area of our sedimentary basin used to be a ‘No Go’ area. As a result our import dependence was on a rise. We opened up that one million sqkm out of the 3.5 million sqkm of sedimentary basin to encourage and enhance domestic crude production. This has sent positive signals to prospective investors. 76% of total area under exploration has come under active exploration only since 2014.
@PMOIndia
@PetroleumMin
@PIB_India
@MIB_India

[Venkatesh MR @mistervenki]

@vishy64theking @CorsicanCircuit Congratulations Sir!! 9/9 score is Phenomenal👏

[Venkatesh MR @mistervenki]

@acciochess @jmankani Congratulations Padmini!! & Wish you a happy married life!

[PSUWatch @PsuWatch]

So here is the prelude to #IndiaEnergyWeek2023 organised by BPCL.
@BPCLimited #DanceToDecarbonise

[Bharat Petroleum @BPCLimited]

"Fuel of the future is #greenhydrogen " - Hon'ble Minister Sh ⁦@HardeepSPuri⁩
⁦@g20org⁩ @IndiaEnergyWeek #DanceToDecarbonise m

[Venkatesh MR @mistervenki]

The world famous chess trainer Mr.Mark Dvoretsky passed away today at the age of 68... RIP

[Venkatesh MR @mistervenki]

Won the 66th CM Birthday Lightning Chess Tournament!!

[Venkatesh MR @mistervenki]

High Court lifts ban on Kamal's Viswaroopam in TamilNadu!! and the movie to be screened from tomorrow onwards! ssseriyana theerpu!