Oil minister Veerappa Moily said the government aims to cut the country's import dependence by half by 2020 and make it completely nil by 2030 and would encourage more private investment in the sector to boost local hydrocarbon output.

WSJ: Cairn India to Invest $2 Billion to Raise Output

Obama : I think that in ten years, we can reduce our dependence so that we no longer have to import oil from the Middle East or Venezuela.

CNN: McCain, Obama go head to head in last debate