Media Vichar Manch

Article on oil diplomacy in Bangkok Post

New Delhi _ India is not a major oil producer, but is beginning to cause a flutter in international energy markets.For a change, major players in the oil market are sitting up and taking note of India as a leading consumer of petroleum products. The country is teaming up with other Asian consumers, including China, to project Asia as a bigger oil buyer than the United States and is trying to tilt the energy equation in favour of Asia.India depends on imports for over 70% of its petroleum products requirements. New Delhi has been engaging in aggressive oil diplomacy for the past one year or so. As part of its larger goal of achieving energy security, India has been actively talking to both oil producers and consumers in the region, while Indian oil companies are buying equity and property in far-off countries in Africa and Latin America.
Full article at : http://www.bangkokpost.com/News/31May2005_opin33.php

posted by Dinesh C Sharma @ 2:43 PM