Indian oil firms focus on production in fight for foreign assets

NEW DELHI (Reuters) - Faced with soaring demand, stagnant output at home and a need to diversify from Iranian crude imports lost to Western sanctions, Indian oil companies are hungry for deals like ONGC's Kashagan buy that promise supplies sooner rather than later. State-run ONGC Videsh has agreed to pay about $5 billion for 8.4 percent of the Kashagan field in Kazakhstan, the world's largest ...