Oil India is exploring the possibility of returning to Libya 13 years after withdrawing from the country due to political instability.
Ranjit Rath, CEO of Oil India, confirmed to Reuters that the company is in talks with stakeholders to resume drilling operations in Libya.
Rath attributed the company's withdrawal to "some issues" but emphasized its "capability to endure long-term risks for foreign assets."
An informed source on the deal reported that Oil India is seeking more foreign assets and is discussing the resumption of drilling operations in Libya, focusing on two blocks without specifying a timeline for the potential deal.
Economy
