[Ost-news] India eyes $2.5 bln investment in Canada tar sands

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

India eyes $2.5 bln investment in Canada tar sands

Thu Jul 3, 2008 7:38am EDT

MADRID (Reuters) - Indian firms could invest $2-$2.5 billion for stakes in  
Canadian tar sands projects, a top official said on Thursday, as part of  
efforts to secure overseas energy assets to fuel the country's fast-growing  
economy.

Oil Secretary M.S. Srinivasan said at the World Petroleum Congress in Madrid  
the companies were looking to pick up holdings rather than buy foreign  
firms.

Earlier this year, the head of state-run explorer Oil and Natural Gas Corp (

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    [1]: http://oilsandstruth.org/india-eyes-25-bln-investment-canada-tar-sands

URL: http://oilsandstruth.org/india-eyes-25-bln-investment-canada-tar-sands