India's Oil & Natural Gas Corp. denies reports it has made a bid for stakes in Canadian...

|By:, SA News Editor

India's Oil & Natural Gas Corp. denies reports it has made a bid for stakes in Canadian oil sands assets owned by ConocoPhillips (COP). On Monday, a source at ONGC said the company along with two other state-controlled refiners had bid $5B for the assets. But for energy-starved India, a global push for oil sands seems more a question of how much rather than what if.