India looking to acquire oil assets abroad - oil minister

MUMBAI (Reuters) - India is looking to buy oil assets abroad, the country's oil minister said on Friday, adding he was seeing increased engagement in the Latin American region.

Minister Dharmendra Pradhan did not elaborate.

India is the world's fourth-biggest oil consumer, importing four-fifths of its needs as its own output shrinks.

(Reporting by Nivedita Bhattacharjee; Editing by Clara Ferreira Marques)