• 4 minutes US-backed coup in Venezuela not so smooth
  • 7 minutes Why Trump will win the wall fight
  • 11 minutes Oil imports by countries
  • 13 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 3 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 7 hours Itt looks like natural gas may be at its lowest price ever.
  • 1 hour Venezuela: Nicolas Maduro closes border with Brazil
  • 4 hours Teens For Climate: Swedish Student Leader Wins EU Pledge To Spend Billions On Climate
  • 6 hours Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 12 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 16 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 7 hours students walk out of school in protest of climate change
  • 1 day Washington Eyes Crackdown On OPEC
  • 24 hours Europe Adds Saudi Arabia to Dirty-Money Blacklist
  • 19 hours America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 5 hours Mineral rights owners,
Why The Oil Rally Isn’t Over Yet

Why The Oil Rally Isn’t Over Yet

OPEC+ output cuts and several…

India to Increase Investments in South African Energy Assets

India, which already imports massive amounts of coal from South Africa, is seeking to deepen its trading ties with Africa’s most advanced economy.

India’s interest is not limited to massive industrial projects, but small and medium-sized businesses as well.

Indian High Commissioner to South Africa Virendra Gupta told reporters, "Trade volumes continue to grow between India and South Africa and they are likely to reach the magical figure of $10 billion this year. Indian companies see South Africa as a lucrative and conducive climate for investment. We will be ready to cooperate with South Africa in terms of sharing our experience, training facilities, helping the South African government agency set up small industries in different areas. The advantage of small industries is that they contribute to a very quick turnaround in job creation. South Africa remains a preferred and profitable investment destination."
 
South African Institute of International Affairs research associate Tom Wheeler said the arrival of Indian companies in South Africa’s automotive industry was a major success and "it would be a good thing if they came here and manufactured goods that we could export as well. Unlike the Chinese, they do not bring their own people except for managers," Business Day Online reported.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News