State-owned gas transporter GAIL is scouting for oil and gas assets in Russia, shunned by western companies following the sanctions on Moscow for triggering the war in Ukraine.
“Why would anyone say no (to Russian assets) if it makes commercial sense,” company chairman Manoj Jain told reporters at a post earnings press conference.
Jain said the PSU was open to buying Russian assets but declined to elaborate considering the sensitivity of the issue in the current geo-political situation.
