India to seek to bid jointly with China for oil assets worldwide

India will seek to jointly bid with China for energy resources in other countries after losing out to its giant neighbour in a bid for Kazakhstan’s third-largest oil producer, a report said Wednesday.

The loss of the bid “underlines the need for China and India to adopt a collaborative approach in bidding for oil and gas assets,” India’s oil minister Mani Shankar Aiyar was quoted as saying by the Press Trust of India.