India eyes $2.5 bln investment in Canada tar sands
Thu Jul 3, 2008 7:38am EDT
MADRID (Reuters) - Indian firms could invest $2-$2.5 billion for stakes in
Canadian tar sands projects, a top official said on Thursday, as part of
efforts to secure overseas energy assets to fuel the country's fast-growing
economy.
Oil Secretary M.S. Srinivasan said at the World Petroleum Congress in Madrid
the companies were looking to pick up holdings rather than buy foreign
firms.
Earlier this year, the head of state-run explorer Oil and Natural Gas Corp (