The nearly insatiable hunger for oil has led the world’s most-populous countries to Africa. And while China’s efforts to tap Africa’s oil resources are well known, India is trying to catch up.
Earlier this month, during an India-Africa summit in New Delhi, which was attended by representatives from 15 African countries, it became clear that India needs to learn from China’s success in dealing with Africa. The resource base is certainly attractive. Africa has about 10% of the world’s oil reserves and the oil tends to be of better quality than the high-sulfur crude found in India.
Earlier this month, during an India-Africa summit in New Delhi, which was attended by representatives from 15 African countries, it became clear that India needs to learn from China’s success in dealing with Africa. The resource base is certainly attractive. Africa has about 10% of the world’s oil reserves and the oil tends to be of better quality than the high-sulfur crude found in India.
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