What happened
An executive at Indian Oil said the company is seeking to acquire equity stakes in oil and gas assets located outside India.
The statement was reported by Cailian Press and carried by East Money Information.
Why it matters
The remark signals that the company intends to expand its upstream footprint beyond its home market through equity purchases rather than only domestic development.
If such acquisitions proceed, they would give the company a direct share of production and reserves in foreign fields, though the source provides no details on targets, timing or scale.
Key facts
An Indian Oil executive said the company is seeking to buy equity in overseas oil and gas assets.
The report came from Cailian Press and was published by East Money Information on 2026-09-17.
What to watch next
Whether Indian Oil names specific assets, counterparties or transaction values, none of which were disclosed in the source material.
Any further company statements that clarify the size or geographic focus of the overseas equity search.
