Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

CASPIAN

KMG And ONGC/Mittal Agree Satpayev E&P Terms

Kazakhstans Minister for Energy and Mineral Resources Sauat Mynbayev told Kazinform news agency on 13 March that state firm KazMunaiGaz (KMG) and Indian firms ONGC Videsh and Mittal have finalized exploration and production (E&P) terms for the Satpayev block in the northwestern Caspian Sea. Mr Mynbayev said that we have resolved all preliminary issues on the Satpayev block. Final...