India Makes Its Move
By Andrew Mickey
It’s been no secret over the past few years that India and China are absolutely eating up natural resources. Everything from copper to oil, it seems they just can’t get enough of.
However, both countries are taking an active role in ensuring they are completely oil independent.
India has learned the lessons from other countries, primarily the United States, and is making the moves to ensure the fast-growing nation with a population of more than 1 billion never starves for oil or natural gas.
And, now the country with double-digit GDP growth is opening up its pocketbook to secure those essential oil resources for the future, and a few companies are poised to do very well thanks to India’s oil spending spree.
Just last week, India’s national oil company, Oil and Natural Gas Company (ONGC), announced it is looking to shell out $300 million to buy a 51% stake in Shivran Oil Operating Co. Shivran is a major player in the large oil fields in the Caspian Sea. Clearly, India sees opportunity in the oil-rich region.
CobraPost, one of India’s top news services, claims the powers that be in New Delhi said, “If China could do it, so can we,” in reference to India’s and China’s growing focus on energy independence.
India has gone as far as making a deal with its former enemy, just to ensure it never runs out of precious crude. Just yesterday, India has announced it is making headway in putting a deal together with Iran and Pakistan to build a $7 billion natural gas pipeline.
In fact, three of the country’s top energy ministers are in Tehran working out the details as we speak.
India is making some big moves to secure its energy future and the companies that help them do that will be handsomely rewarded for years to come.
And that’s why I’m so excited about India making its biggest move yet to secure its own oil and natural gas supplies for the future. A few months ago, ONGC contacted a small Texas oil company to see how this small company could help India secure its petroleum future.
And they worked out one heck of a deal. This small company booked the largest order in its history from a massive order by ONGC.
Clearly, India’s national oil company believes this small company’s technology is essential to increasing the country’s oil production to keep up with its booming economy’s accelerating thirst for oil.
Shares of this company have already started to move, and Wall Street is finally starting to catch on. The first delivery of this company’s proprietary oil-finding technology is scheduled for delivery by the end of this month. And from there on, this company is going to make quite a few early investors much wealthier. And you can learn all about this small company here.
That’s all for now,
Andrew Mickey
Editor in chief, BreakAway Investor
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