Memorandum of Understanding (MoU)
Alberta School of Business
The Federation of Indian Petroleum Industry (FIPI) is an amalgamation of the two original important entities in the Indian oil industry, namely Petrotech Society and Petroleum Federation of India (PetroFed), established in December 2016 in an effort to give impetus to the Indian Hydrocarbon sector.
The Petrotech Society was conceptualized in 1993 and its biennial International Oil & Gas Conference & Exhibition, Petrotech was launched in 1995. Petrotech Society has also been holding regular national/international conferences, seminars and study tours in India and abroad for regular exchange of information for the benefit of oil & gas industry.
The Petroleum Federation of India (PetroFed) was registered in 2002 with a wide range of activities which include lectures, workshops and seminars to promote the interest of the petroleum industry besides maintaining a healthy and strong interface with Government, legislative agencies and regulatory bodies.
The new body named ‘Federation of Indian Petroleum Industry’ (FIPI) is expected to be better placed to serve as a strong facilitator of continuous dialogue between various stakeholders of the upstream, midstream & downstream sectors of the Indian petroleum industry including global suppliers, technology providers, service providers, academic entities and relevant agencies for protecting and upholding the interest of Indian petroleum industry.
Each summer, FIPI sends a group of executives and R&D division leaders to Canada for a one-week training program coordinated by the Centre for International Business Studies in the Alberta School of Business. These tours offer a series of on-site mini-forums, where participants visit advanced, industry-focused, unconventional energy research or production sites to discuss developments in key areas. UAlberta has also regularly participated in the Petrotech Conference, including with the UAlberta president giving talks, most recently in December 2016.
The Canada-India Business Council (C-IBC), in partnership with the UAlberta School of Business and the Petrotech Society of India (now FIPI), hosted an energy forum on July 18, 2014 in Calgary. The Forum brought together leaders and experts from both countries to discuss oil and gas investment, crude oil trading and refining, unconventional gas development and LNG sourcing from Canada.