Energy Cooperation

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  • India-China Energy Cooperation: Attaining New Heights

    Last week witnessed a major development on the India-China energy front with the joint bidding plan for Petro-Canada's Syrian assets by India’s Oil and Natural Gas Corporation (ONGC) and the China National Petroleum Corporation (CNPC). In September this year Petro-Canada expressed interest to sell off its 38 per cent stake in the Al Furat field, which produces about 70,000 barrels of oil daily accounting for 50 per cent of Syria's total output. This is the first time that Indian and Chinese firms have joined together to secure stakes in an overseas energy facility.

    November 28, 2005

    Africa's Energy Potential: Prospects for India

    In recent years, Africa has emerged as a hot spot for energy sources. The reopening of the oil sector in Sudan and the oil discoveries in West and Central Africa has made this possible. There is a growing argument that oil breeds instability in the African and other oil-rich developing countries across the world. While oil wealth has led to an increase in conflicts in Africa, particularly in the case of Sudan and Nigeria, the rising energy demand is pushing major US, European, Chinese and Malaysian oil companies to invest in African oil.

    July 2005

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