Oil India eyes acquisitions

Oil India's bid for Shell’s assets in Nigeria was thwarted but it remains on the lookout for producing assets.

Oil India eyes acquisitions
Oil India is scouring the globe for resources

India’s second largest national oil and gas company, Oil India, is scouting for assets as it seeks to meet the country’s energy needs.

“We are looking at MA opportunities and are concentrating on producing assets that can generate cash flow,” Rupshikha Borah, finance director at Oil India, told FinanceAsia in a recent interview in New Delhi.

The company has been busy buying resources but has faced challenges in closing deals....

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