New Delhi [India], September 23 (ANI): Ranjit Rath, Chairman and Managing Director of Oil India Limited (OIL) and the current Hydrocarbon Chair of CII, has emphasised the strategic importance of overseas asset acquisition in the critical minerals space, underlining its role in India's energy security and green transition goals. He added that India is actively exploring its domestic reserves while simultaneously pursuing overseas acquisitions, a strategy similar to the one adopted earlier in the oil and gas sector. We are already evaluating prospects in Argentina and exploring asset acquisitions in Australia,' he told ANI. 'It is a collaborative story where energy security and global partnerships come together to ensure an affordable, sustainable, and assured energy supply,' he said. Early this April, China announced a decision to implement export controls on certain rare earth-related items, which is expected to push a global supply shortage, including in India.