India, China To Jointly Explore Energy Assets Overseas
From Wall Street Journal
India and China’s largest oil companies have agreed to jointly explore for oil and gas world-wide, in an attempt to put aside long-standing rivalry and better use their combined financial muscle and expertise to secure energy supplies for their fast-growing economies.
While the two energy-deficient countries already work together on several international oil projects, they also have a long history of bad relations, and of proposing cost-reducing alliances to jointly buy foreign energy assets and crude-oil that mostly have come to nothing.
