Indian Energy Firms Court Africa to Fill China Void

摘要

India plans to boost its oil and gas imports from Africa, buy stakes in upstream assets and help the continent build energy infrastructure such as refineries and pipelines, as engagement from key investor China slows down, government and industry officials say. "Africa is key to our import diversification plans," Indian Federal Oil Minister Dharmendra Pradhan said at the conclusion of the two-day India-Africa Hydrocarbons Conference in New Delhi last week. "As production is rising in Africa and political stability returns, our imports will rise."