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After NSG rebuff, India falls back on fossil fuels for energy security

2016-07-03 13:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: After the failed attempt to join an exclusive group of 48 countries that control the trade in nuclear material and equipment, India is now falling back on its quest for more fossil fuel reserves. Oil minister Dharmendra Pradhan will visit the US later this month to seek investments and technology from exploration companies for 67 smaller fields with oil and gas discoveries, which will be auctioned for commercial production under a liberal and simple revenue sharing agreement, said an oil ministry...

Tags: back security energy india

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