The growing disquiet over China could see oil investors headed to India, said a top executive at a refiner that Prime Minister Narendra Modi’s government has put up for sale.
“The choices of investing in oil sector will be limited when the world becomes normal and India will be the only happening alternative,” N. Vijayagopal, finance director at Bharat Petroleum Corp. said in an interview from Mumbai. “Most of the Western countries will be very afraid of getting into China. So, where else they can go?”
Many nations, including the US are coming together to counter what they say is China’s growing threat to global trade, security and human rights.
