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...
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