Indian investment is falling behind
Oct 9, 2012 at 6:47 am in Business, News by Ferne Wynnyk
When it comes to investing in Canadian oil, India seems to be falling behind.
Especially being the fourth largest oil importer in the world.
Energy Minister Joe Oliver is making a trip that way, and said that he hopes deals will start being made within the next five years.
Over the next decade, it is reported that Canadian energy industry is seeking $650-billion in investments.
Last month, it is reported that 3 state-run Indian oil companies made a $5-billion bid in stakes in ConocoPhillips.
October 9th, 2012