Re: India and China in a desperate fight for oil

From: francispoon (fyfpoon_at_hotmail.com)
Date: 10/16/04 

Date: 16 Oct 2004 11:20:04 -0700

habshi@anony.com (habshi) wrote in message news:<4170dbf4.1734944@news.clara.net>...
> And still the stupid leaders of India refuse to adopt a one or
> two child policy

You may want to look into the ramification of this so-called one child
policy and see its pros and cons.
=====================================

and will watch as another one BILLION Indians or four
> times the USA pop is added in the next thirty years , mostly Islamic.
> The world is running out of oil and billions will soon starve
>
> India chasing China in Asian superpower economic rivalry
>
> NEW DELHI: Asian giants and economic rivals India and China are locked
> in battle to secure stakes in oil fields and blocks in the new energy
> haven of West Africa, officials and analysts here say.
>
> "There is big, big competition going on between India and China for
> oil blocks in the region," says Narendra Taneja, an energy expert
> associated with the international oil and gas newspaper, Upstream.
>
> Taneja points to a report in a recent Indian Express newspaper report
> bemoaning the fact that India had lost a lucrative deal in Angola in
> early October.
>
> Angola?s state-owned Sonangol reportedly blocked an Indian move to buy
> Anglo-Dutch energy giant Shell?s 50 per cent share in Block 18 for
> about 620 million dollars.
>
> According to Taneja, India?s state-run Oil and Natural Gas Corporation
> (ONGC) had almost closed with Shell, "but the Chinese evidently cut a
> deal with the Angolan government at the last minute," resulting in
> Sonangol exercising its pre-emption rights.
>
> This stymied Shell?s move to sell its stake to ONGC, a deal that would
> have yielded about five million tonnes of crude oil daily for New
> Delhi from 2008-2009.
>
> An Indian official says the sale is "still open", but for Taneja it
> illustrates the intense Sino-Indian competition.
>
> "China managed to swing the deal by offering aid to the tune of two
> billion for a variety of projects to Angola, compared to India?s offer
> of 200 million dollars for developing railways," Taneja explains.
>
> Aid-for-oil is part of a deliberate strategy adopted by the Chinese
> across West Africa, whose oil potential came into focus after the
> September 11 terror attacks, the analysts add.
>
> The amount of oil in the region is yet to be mapped, but Indian
> officials point to US studies which say Washington can rely on Gulf of
> Guinea reserves to cut its dependence on crude from the volatile
> Middle East by 25 per cent in the next decade.
>
> "Washington is negotiating with Sao Tome and Principe to develop a
> naval base there to guard its oil interests in the region," says a
> foreign ministry official, asking to remain unnamed.
>
> With China overtaking Japan to become the world?s second largest oil
> consumer after the United States, Beijing is aggressively building a
> network of energy-related ties throughout the world ? in the Middle
> East, Central Asia, Southeast Asia and Russia, the official says.
>
> China used 5.46 million barrels of oil a day last year, compared with
> Japan?s 5.43 million, according to the International Energy Agency.
>
> Beijing relies on overseas producers for one third of supplies and
> accounts for about seven per cent of world oil demand.
>
> In contrast, India ? Asia?s fourth largest economy ? imports nearly 70
> per cent of its oil needs and last year consumed a little more than
> two million barrels a day.
>
> A government paper predicts that by 2025, India will consume 7.4
> million barrels a day.
>
> Top Chinese leaders including President Hu Jintao have made a beeline
> for Africa, signing deals with Algeria, Gabon and other states,
> besides promising millions of dollars in aid free of good governance
> and human rights ties.
>
> Indian officials admit India does not have the resources to compete
> barrel for barrel with China in West Africa.
>
> "India had its era of influence in Africa in the heyday of the
> Non-Aligned Movement in the 1960s and ?70s.
>
> Today it is money that speaks and China has deeper pockets than
> India," Taneja notes.
>
> The foreign ministry official admits Indian contact with West Africa
> has been "limited," due to the absence of the Indian diaspora in a
> largely Francophone region.
>
> "But in the past 12 months or so, we have been making inroads into
> Senegal, Ivory Coast, Guinea

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