Highlights Cabinet approves $1.6 billion investment to develop oil block in Brazil New Delhi open to equity oil opportunities in other Latin American countries India’s aging fields struggling to keep output steady: Platts Analytics India is looking to invest more funds in overseas oil projects through its state-run refiners, a move that would help offset the impact of slow production rate from aging fields at home and reduce the overall dependence on imported feedstocks, government sources and analysts told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The recent announcement by India to invest $1.6 billion in a project in Brazil for equity oil highlights the strategic interest of New Delhi to look for pockets of opportunities overseas, with analysts saying New Delhi is keen to explore such opportunities in other Latin American countries as well. “Besides expanding strategic […]