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Oil India hopes to finalise $1-billion overseas buy soon

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Press Trust Of India

State-run Oil India on Tuesday said it hopes to seal an estimated $1-billion deal for acquisition of producing oil assets in Australia, South America and Africa in the near future.

“Definitely some opportunities are being evaluated and we are hopeful that something should click very soon,” Oil India Director (Finance) T K Ananth Kumar told reporters here on the sidelines of an Assocham conference.

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First Published: Nov 17 2010 | 12:27 AM IST

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