India Looks to Africa for Oil

No surprise that India has been beaten by China for oil exploration bids in Myanmar, Kazakhstan and elsewhere over the past few years. With serious shortages and blackouts seriously affecting and threatening India’s economic growth, India is looking to Africa, South America, Pakistan, and elsewhere for new supplies.

Read article at Bloomberg

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Need to focus on sustainable power generation stressed (Pakistan)

February 12, 2008 (The International News) – A household can lit a candle or an emergency light to illuminate the house, but it does not work for the industry, as it requires uninterrupted power supply. Industry is facing a production loss due to current power crisis.

Korangi Association of Trade and Industry (KATI) President Shaikh Fazal Jaleel told The News that there was 50 per cent decline in production due to power breakdowns. When asked whom he considered the biggest enemy of investors in Pakistan; the so-called terrorism or energy crises; “energy crises,” he said.