With their phenomenal growth rates, India and China are surging ahead as world economic powers. Due to increasing instability in the Middle East, they have turned to Africa to procure oil to fuel their industrialisation process. Africa’s economy stands to be impacted in various ways due to the increasing interaction with these ‘Asian Giants’. This book analyses the acquisition of oil blocks by Indian and Chinese oil corporations in eleven West African countries. It describes the differences in how India and China mobilise oil externally to meet their respective goals and objectives. The book examines the rate of return on capital, rate of interest on loans and the ease of availability of loans, the difference in the level of technology and ability to acquire technology, project management skills, risk aversion, valuation of the asset and the difference in the economic, political and diplomatic support received by the Chinese and Indian oil companies from their respective governments. It is argued that the difference in the relative economic and political power of India and China accounts for the ability of Chinese oil companies to outbid their Indian competitors and/or be preferred as partners by international oil companies. Containing interviews from Indian and Chinese oil company executives, government officials, industry officials, former diplomats and scholars and academics from India, China and the UK, this book makes a valuable contribution to existing literature on India, China and the oil industry in West Africa. It will be a valuable resource for academics in the field of International Relations, Foreign Policy Analysis, Asian Business and Economics.

The global energy scenario has transformed in the past 20 years. Oil demand, earlier driven by the West, is now shifting to the East, more specifically to Asia. New oil supplies from North America have challenged the hegemony of the traditional oil exporters from West Asia and Africa. India, once a marginal player in the world oil market, is now a valued customer providing demand security for oil exporters. This book systematically examines India’s oil and gas trade, which makes it the world’s third largest importer of oil after China and the US. It explores the changing patterns of oil demand and supply, and the growing market for natural gas, renewable energy, biofuel, and alternative sources of energy. Further, the volume discusses a range of issues that affect India’s position in the global energy econom,y such as The geographic shifts in energy production and trade; international relations and economic sanctions that affect the oil trade; India’s quest for energy security; and contest with China for oil assets; Building new partnerships, and investing in stable, oil-rich countries like the US and Canada, while keeping up existing energy relations with Saudi Arabia, the UAE and Kuwait; Using market mechanisms to ensure energy security. Topical and comprehensive, this book in The Gateway House Guide to India in the 2020s series will be useful for scholars and researchers of international relations, geopolitics, foreign policy, security and strategic studies, energy studies, West Asia studies, South Asian studies, and international trade. It will also be of interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, media agencies, and businesses.

In the past decade, the need for oil in Asia's new industrial powers, China and India, has grown dramatically. The New Kings of Crude takes the reader from the dusty streets of an African capital to Asia's glistening corporate towers to provide a first look at how the world's rising economies established new international oil empires in Sudan, amid one of Africa's longest-running and deadliest civil wars. For over a decade, Sudan fuelled the international rise of Chinese and Indian national oil companies. But the political turmoil surrounding the historic division of Africa's largest country, with the birth of South Sudan, challenged Asia's oil giants to chart a new course. Luke Patey weaves together the stories of hardened oilmen, powerful politicians, rebel fighters, and human rights activists to show how the lure of oil brought China and India into Sudan--only later to ensnare both in the messy politics of a divided country. His book also introduces the reader to the Chinese and Indian oilmen and politicians who were willing to become entangled in an African civil war in the pursuit of the world's most coveted resource. It offers a portrait of the challenges China and India are increasingly facing as emerging powers in the world.

The Chapters In The Volume Bring Out The Metamorphosis That The Indian Oil Industry In Presently Undergoing. Issues Relevant From The Point Of View Of India`S Economy Have Been Brought Out From A Researcher`S Perspective/. The Central Theme Is Globalization Of Indian Oil Industry. The Author Works For Bharat Petroleum Corporations. Has Got 11 Chapters.

A prominent linchpin in world politics and in security policies world over, oil and gas have tremendous value in both, the political and economical sectors of global relations, business establishments and policy. Regardless of whether one is a novice to a given field, or a well accomplished veteran in the field, there is a need for the continued engagement with the basics that underlie the core subjects. With that in mind, the Fundamentals of Oil and Gas is a perfect primer for the first-timer in the field, while also a copious text to help a seasoned veteran stay abreast with the nuances of the world of Oil and Gas.

This book shares the latest market developments and advances in natural gas demand, supply, transmission, distribution, and consumption, with a special emphasis on the Indian context. Chapters are written by researchers and industry professionals working in the field of natural gas and energy to provide deeper insights into natural gas market structure, market development, business opportunities and market growth. Topics covered include, natural gas demand-supply, exploration and production policy, downstream regulatory developments, city gas distribution, pipeline, pricing, and taxation policies impacting natural gas market developments in India. The book will be useful to researchers, professionals, and policy makers working in the area of natural gas and related fields.