Petrotech 2019: Modi to inaugurate meet on Monday, before magic, oil talk

Breaking tradition for the second time in a row, inspirational talk this year will be given by Delhi-based magician Karan Singh

The latest edition of India's strategic hydrocarbon event — Petrotech-2019 — takes off on Sunday in the National Capital Region. The biennial event, expected to see participation from 70 countries, comes at a time when India is seeking from the US an extension of waiver on oil imports from Iran while also trying to align with consumer countries. 

The waiver from American sanctions —given to eight nations: India, China, Italy, Greece, Japan, South Korea, Taiwan and Turkey — expires in March. Major consumers in Asia are also likely to highlight the contentious issue of "Asian premium" before global groups like the