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 is scouring the globe for resources
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. Its bid for Royal Dutch Shell’s Nigerian assets earlier this year proved to be unsuccessful and, according to news reports, Dangote Industries, which is owned by Africa’s richest man Aliko Dangote, is the likely winner...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222