Saturday, March 26, 2005

Why India wants a deal with Iran

While the US is frustrated with India's attempts to secure energy agreements with Iran, the Wall Street Journal points out India's motivation:
India imports 70% of its crude-oil requirements. But this could rise to more than 90% by 2030, according to the International Energy Agency in Paris, if India's economy keeps growing at its current pace of about 7% per year.