India eager to increase presence in US energy market: Oil minister Pradhan


India eager to increase presence in US energy market: Oil minister Pradhan

India is open to the idea of investing in America’s energy sector and acquiring assets if it gets a good deal, oil minister Dharmendra Pradhan said on Tuesday.

“Our basket is really global,” the minister said.

India, which in the coming years would emerge as the largest energy consumer of the world accounting for nearly one-third, is open to investment in the US, subject to a good deal, Pradhan said.

Noting that India’s source of procuring crude oil is multidimensional, Pradhan said if India gets “good terms and reasonable price,” it is open to buy energy from anywhere, including the US. Read More…

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