India is considering Canada as a potential supplier of crude oil, High Commissioner Dinesh Patnaik said Wednesday at the World Energy Expo in Calgary, adding that the country’s newer refineries are designed to process heavy crude, making Canadian grades a viable option.
Get breaking national news
Get Canada breaking news delivered to your inbox as it happens so you never miss a trending story.
Patnaik said officials from both countries meet regularly to discuss access to Canadian energy.
However, he said global investors remain cautious about regulatory and project approval processes in Canada, which could affect the pace of energy cooperation.
Separately, Abu Dhabi National Oil Company said on Tuesday that it is exploring opportunities in the exploration and production and liquefied natural gas sectors in Canada through its international arm, XRG.
Canada is the world’s fourth largest producer of crude oil and the fifth largest producer of natural gas.
