Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

CASPIAN

ONGC/Mittal Cleared To Undertake Satpayev E&P

An intergovernmental panel led by Kazakhstans Minister of Energy and Mineral Resources Sauat Mynbayev has cleared a proposed exploration and production (E&P) project by an Indian consortium on the Satpayev block in the northwest Caspian Sea, Dow Jones reported on 21 April. ONGC Videsh and Mittal are expected to take a shared 25% stake in the license, with Kazakh state firm...