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India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, adding that the country’s newer refineries are designed to process heavy crude, making Canadian grades a viable option.
Patnaik said officials from the two countries are meeting regularly to discuss opportunities for sourcing Canadian energy.
He said, however, that global investors remain cautious about Canada’s regulatory and project approval processes, which could affect the pace of energy cooperation.
