by John Daly, Oil Price:
After China, India is Asia’s largest rising energy importer. According to the U.S. government’s Energy Information Administration, “India is the fourth largest energy consumer in the world after the United States, China, and Russia. India was the fourth largest consumer of oil and petroleum products in the world in 2011, after the United States, China, and Japan.” While Indian oil imports still primarily come from the Middle East, like its competitor China, New Delhi is increasingly focusing on Africa, from where the news is most decidedly mixed.
According to the EIA’s country analysis for India, “The second biggest source of imports is Africa (17 percent), with the majority of that oil coming from Nigeria.”
Which presents a problem – piracy, which in Africa is shifting increasingly from east to west.
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