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Begin New Search Topic Energy Policy Political Geography United States of America Content Type Working Paper Publishing Institution Gateway House: Indian Council on Global Relations

1. India’s energy investments: A fresh approach

Author:
Amit Bhandari
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Oil is the single largest item in India’s import bill as India relies on imports for over 80% of its oil requirement. The annual import of 1.6 billion barrels of crude oil makes India vulnerable to sharp spikes in energy prices. With limited domestic reserves, India has tried to reduce its vulnerability by investing in oil and gas fields overseas. State-owned oil companies have over 50 overseas investments spread across South America, Africa, West Asia and the former-Soviet Union, all of which have large oil reserves. Investments must be made where the oil is, and often, these tend to be volatile regions. Political volatility in some places like Venezuela, Iran and Sudan/South-Sudan, for example, has led to trouble for a few of India’s investments. The purpose of investing as protection against price fluctuations gets defeated when geopolitical or other unrest leads to oil production reduction.
Topic:
Energy Policy, Oil, Sovereign Wealth Funds, and Investment
Political Geography:
South Asia, Canada, India, Australia, and United States of America

2. Petro Dollar. Petro Yuan. Petro Rupee?

Author:
Amit Bhandari
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Over the last two decades, every component of the global energy scenario has changed: demand, supply and energy-type. The only constant has been the U.S. Dollar as the currency of energy trade. Lately, the Chinese Yuan has emerged to challenge the Dollar. Can the Indian Rupee be a third player? India is now the world’s third-largest consumer and second-largest importer of energy. Its open market, transparent regulation and growing demand give it an opportunity to become the hub of a vibrant new oil market, simultaneously ensuring its energy security and raising the international profile of the Rupee. This paper explores the possibility the Rupee could be the third currency in which energy is traded, and the challenges and opportunities it presents.
Topic:
Security, Energy Policy, Markets, Oil, Currency, and Trade
Political Geography:
China, South Asia, India, Asia, North America, and United States of America