Despite Darfur, Indian oil investments balloon in Sudan
Tuesday, August 17, 2004 at 03:37AM
TheSpook
Even as the "humanitarian crisis" in Sudan's Darfur region hogs global
attention, India is making huge investments in the oil-rich North
African country that is set to become a major source for New Delhi's
energy requirements. In all, India is set to invest nearly $2 billion
in Sudan, making Khartoum the biggest recipient of New Delhi's foreign
investment. The Oil and Natural Gas Corporation (ONGC) concluded a $198
million deal in Khartoum in June to lay a 714-km-long pipeline linking
the capital Khartoum with Port Sudan. The latest investment came less
than two years after the public sector ONGC Videsh Ltd., the overseas
arm of the public sector oil exploration major, invested $750 million
in the Greater Nile Petroleum Operating Company of Sudan. [more]
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