Equity stakes will be sold in Oil India, Hindustan Copper and other state-owned companies.
But it was he who seized control when, after 1970, the EEC started sending its surplus milk powder and butter oil to India.
Holmgren also told me last week (during an interview for a different story that had nothing to do with Malaysia) that LanzaTech was in discussions with steel and oil companies in India as well.
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The higher cost of oil is not the fault of China, India, hurricanes or greedy oil companies.
With demand for oil products booming in India, suppliers are scrambling to keep up.
But China, Southeast Asia, India and oil-rich Russia are in a rush to build roads, airports and dams.
"The ongoing strong growth of oil product demand in India is reflected in higher refining and marketing volumes, " Trimble says.
Meanwhile, demand for oil in China and India has become unquenchable.
Meanwhile, supply constraints from the decline in mature fields in Mexico, Norway and the North Sea in respect to rising demand for oil in China and India, are also pressures going toward higher prices.
S. Sundareshan, a top official at India's oil ministry, said Tuesday that there has been no disruption in supplies.
"It's exciting, there are going to be many changes, " says Srivatsa Kumar, oil analyst with Jardine Fleming India Broking in Bombay.
India's oil secretary, Vivek Rae, told reporters on the sidelines of an event here that the proposal is "under consideration" and national insurance and oil companies would have to contribute to such a fund.
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Before the summit, India had floated the idea of opening extra border crossings between the two countries, and optimists had speculated about an agreement to build an oil pipeline from Iran to India, through Pakistan.
But as Francisco Blanch of Merrill Lynch notes, most of the incremental demand for oil comes from China, India and the Middle East, where the prices of petrol and diesel are subsidised or capped, leaving drivers with little incentive to cut back.
As demand skyrockets with the burgeoning middle classes in countries like China and India, palm oil producers and buyers have come under fire from environmentalists for widespread deforestation in countries like Indonesia that contribute to climate change and extirpation of endangered wildlife.
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However, Mr Bush's suggestion belies the fact that India uses virtually no oil in generating power.
Oil accounts for 30% of India's import bill, but the country produces only 25% of its domestic requirement.
Mr. Reddy also said that India's crude oil imports from Iran remain on schedule and aren't facing any bottlenecks.
Earlier this month seven others, including India, cut Iranian oil imports.
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India's crude oil output in February declined 4% and natural gas by 20%, underscoring the need for the country to look for ways for raising local output.
It some regards, it might even make it worse as oil price rises are bad for India, and a weaker dollar is seen as a negative for Brazil.
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Recent moves by big oil and gas consumers such as India and China, keen to acquire the energy assets that they believe will ensure supplies for their booming economies, have further limited the opportunity for the oil majors to replenish reserves.
The Times report describes a letter recently sent by a coalition of funds to the following foreign oil companies doing business in Iran: Royal Dutch Shell, Total of France, Repsol of Spain, Eni of Italy, Gazprom of Russia, the China National Petroleum Corporation, the Oil and Natural Gas Corporation of India and Inpex Corporation of Japan.
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In India, invest in coconut oil and massage it into your scalp for lustrous hair.
Bangladesh has taken India to court over an oil-rich area in the Bay of Bengal.
Only crude oil accounts for a larger share of India's imports than gold.
Only crude oil accounts for a larger share of India's imports.
Added to the likes of billionaire investors George Soros and John Paulson, the central banks of emerging markets including China, India, and even the oil producers, are retail investors.
Nicholas Rushlow, a 14-year-old eighth-grader from Lancaster, Ohio, was eliminated when he misspelled "vetiver, " an aeromatic grass whose especially fragrant root yields an oil used in perfumery and mats in India.
Mr. Chaturvedi said India would aim to cut Iranian oil imports by around 15% every year.
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