China and India join hands on oil acquisitions

The demand for oil has been increasing continuously for many years now. After the recession, oil prices have been at what some think can be called peak levels. To bring oil prices under control, economists have thought of an idea. The idea is to go for oil acquisitions in the foreign states which have reserves of oil. China and India have always been in a race for oil acquisitions. But now, they...
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The Future of Indian Oil wells

Oil has been the main commodity the world over for the past so many years. The reason why crude oil has gained so much importance worldwide is because crude oil is the main source of fuel which is being used for automobiles. Apart from this, crude oil is used for the purposes of power generation and is the major fuel being used to run the worldwide industries. In addition to this, crude oil...
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Indian business giants favoring the oil investments

Oil & Natural Gas Corporation, an Indian oil giant, is planning to spend up to the equivolent of $4 billion USD on oil investments within the next few years.  In the succeeding years, the company will enhance the operation of power plant assets in Mehsana, Ahmadabad, Ankleshwar, Dahej and Hazira plants.  Anil Johari, the chief operating officer of Oil & Natural Gas Corporation, has...
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