PM Narendra Modi to skip oil CEO meet over scheduling issues

Prime Minister Narendra Modi is believed to have cancelled a brainstorming meeting with global oil and gas experts and CEOs, which was slated for October 14, over scheduling issues, sources said.

The fourth annual meeting that coincides with the CERAWeek – the world’s premier energy event – was scheduled for Monday afternoon but was cancelled due to the Prime Minister’s engagements, they said.

The meets, held under the aegis of Niti Aayog, have been a sounding board for the government to reorient policies to attract the illusive investment in finding new oil and gas reserves and bringing them to production so as to cut India’s oil import dependence.