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India to Invest $3 Billion in Russian Oil, Gas Fields
Online Stock Market Trading India plans to invest one and a half billion dollars in an offshore gas field (Sakhalin-3) in the Russian Far East, and a similar amount in an oil field in the Caspian sea.
In the United Kingdom, nearly a third of its power generation depends on natural gas. In 15 years, the UK will be dependent on Russia for 90 percent of its imported gas. Japan is almost totally dependent on imported energy sources and is heavily invested in Iran's Azadegan oil field. China has major investments in Iran, importing 13.6 percent of its oil requirements from that nation and, overall, 45 percent of its oil imports from the Middle East. China is also investing in Canadian tar sands projects.
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Stock Market Game Nov 15, 2004 (AXcess News) New Delhi - A national newspaper in India is reporting that New Delhi is going to invest $3 billion in Russia's oil and gas fields.The Hindu newspaper says India will sign an agreement to that effect when Russian President Vladimir Putin visits New Delhi next month.
"If only the government would lend us a hand, " said Georgina Hernandez, 59, whose three children all lost their homes in the town of Los Limones. Dean's path takes it directly through the Cantarell oil field, Mexico's most productive. The entire field's operations were shut down just ahead of the storm, reducing daily production by 2.7 million barrels of oil and 2.6 billion cubic feet of natural gas.
Stock Investing Game India plans to invest one and a half billion dollars in an offshore gas field (Sakhalin-3) in the Russian Far East, and a similar amount in an oil field in the Caspian sea.
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Journal Prime Rate Street Wall India's Petroleum Minister Mani Shankar Aiyar recently visited Moscow to boost energy cooperation. The newspaper quotes him as saying the accord will guarantee India's energy security.A state-run Indian energy firm known as the ONGC Videsh Ltd. already has a $1.7 billion investment in offshore oil fields in Russia's Far East.Source: Voice of AmericaAdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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