{"id":442643,"date":"2010-03-18T03:25:00","date_gmt":"2010-03-18T07:25:00","guid":{"rendered":"tag:blogger.com,1999:blog-9864176.post-2462725491078281093"},"modified":"2010-03-18T03:25:27","modified_gmt":"2010-03-18T07:25:27","slug":"india-said-to-propose-sovereign-fund-for-oil-assets","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/442643","title":{"rendered":"India Said to Propose Sovereign Fund for Oil Assets"},"content":{"rendered":"<p>Bloomberg reports that India is looking to set up a sovereign wealth fund to support acquisitions by state owned energy companies &#8211; <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aTptJevEjB0s&#038;pos=7\">India Said to Propose Sovereign Fund for Oil Assets<\/a>.<\/p>\n<blockquote><p> India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets with China, a government official said.<\/p>\n<p>The oil ministry has formally asked the finance ministry to set up a fund using a part of the reserves, the official said, declining to be identified because a decision hasn\u2019t been reached. The size of the fund is yet to be determined, he said. &#8230;<\/p>\n<p>China, with $2.4 trillion of reserves and a $300 billion sovereign fund, has outpaced India in the global quest for resources to feed the world\u2019s fastest-growing major economies. Chinese companies spent a record $32 billion last year buying oil, coal and metals assets abroad, while a $2.1 billion investment by ONGC was India\u2019s sole energy acquisition. <\/p><\/blockquote>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-2189376323632485\";\n\/* 728x90, created 5\/18\/08 *\/\ngoogle_ad_slot = \"3866831776\";\ngoogle_ad_width = 728;\ngoogle_ad_height = 90;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/9864176-2462725491078281093?l=peakenergy.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/1-cdwgFEHQYQ5dA8S6HwWO7p_jM\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/1-cdwgFEHQYQ5dA8S6HwWO7p_jM\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/1-cdwgFEHQYQ5dA8S6HwWO7p_jM\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/1-cdwgFEHQYQ5dA8S6HwWO7p_jM\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reports that India is looking to set up a sovereign wealth fund to support acquisitions by state owned energy companies &#8211; India Said to Propose Sovereign Fund for Oil Assets. India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets with China, [&hellip;]<\/p>\n","protected":false},"author":763,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-442643","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/442643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/763"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=442643"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/442643\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=442643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=442643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=442643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}