Oil India is looking for more foreign assets and is in talks to restart drilling in Libya, a source familiar with the matter said. The source spoke on condition of anonymity because the person was not authorized to speak to media. Oil India exited Libya in 2011 due to political instability. Shares of the state-run explorer jumped as much as 12.4% to a record high of 516.40 rupees on Tuesday. The source said the company was in talks over two blocks in Libya, without giving a timeline for a possible deal.
