Middle East Economic Survey

VOL. LII

No 37

14-Sep-2009

CASPIAN

ONGC/Mittal Nears Agreement With KMG On Satpayev E&P

A joint venture of Indian state oil and gas firm ONGC and Indias Mittal conglomerate is close to signing a contract with Kazakh state firm KazMunaiGaz (KMG) for a stake in the exploration and production (E&P) license for the Satpayev offshore oil block, the Hindu newspaper reported on 10 September. The report cited unnamed officials from Indias Ministry of Petroleum and...