Friday, November 19, 2010

Hopes to finalise overseas asset buy: Oil India exec

State-run Oil India is hoping to conclude a deal soon to buy a stake in an oil and gas producing asset overseas, its head of finance T.K. Anantha Kumar said on Tuesday. 

"We are looking at producing assets in Australia, South America and parts of Africa. It should be below $1 billion... we are not going for a multi-billion dollar deal," Kumar told reporters.

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