The Petrotech Society was conceptualized in 1993 and its biennial International Oil & Gas Conference & Exhibition, Petrotech was launched in 1995. Soon it became a significant event in the calendar of global oil and gas industry; disseminating information and knowledge about state-of-the art technologies and latest developments in the oil and gas industry. Petrotech Society provided a forum for national and international experts in the oil & gas industry to exchange views and share their knowledge, expertise and experiences and explore areas for cooperation and technology transfer. Petrotech’s objectives were more oriented towards academia, skill development, technical networking and industry awareness.
The Petroleum Federation of India (PetroFed) was registered as a society in 2002 to look after the interests of petroleum companies as the oil industry became fully deregulated and private sector as well as multinational oil companies increased their presence in India. Soon it became a united voice of India’s petroleum sector to protect the interest of its members and pursued a wide range of activities through a self-regulatory environment and promoted the interest of the petroleum industry in line with the national policies. Over the years it became a strong interface with Government, legislative agencies and regulatory bodies.
Since their inception, both Petrotech Society and PetroFed were functioning quite effectively, meeting the aims and objectives for which they were established – the common goal being promotion of interest of India’s petroleum industry through their confederated structure. In a move to foster synergy between the two entities, it was decided to have one single robust entity by amalgamating PetroFed with Petrotech Society and to create one platform and one voice of Indian petroleum industry to the world.
A historical announcement was made on 7th December, 2016 about the amalgamation of two important entities in the sector and the amalgamated body was renamed as Federation of Indian Petroleum Industry (FIPI). The amalgamated Federation has brought to the forefront a synergized society which would take India’s oil & gas sector to newer heights of professional excellence.