Middle East Economic Survey

VOL. LII

No 5

2-Feb-2009

CASPIAN

Indian JV Signs Preliminary Exploration Deal For Kazakhstans Satpayev Block

Kazakhstans state oil and gas company KazMunaiGaz (KMG) has signed a preliminary agreement with Indian firms ONGC Videsh and Mittal Investments for exploration of the 1,582 sq km Satpayev block in the northwestern area of the Caspian Sea. ONGC and KMG said in a joint statement on 24 January that they are now actively pursuing, together with the government of...