Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

CASPIAN

Kazakhstan Agrees On ONGC Participation In Satpayev Exploration

Indias Oil Secretary S Sundareshan told a press conference in New Delhi on 6 December that he had reached agreement with Kazakhstans Minister of Oil and Gas Sauat Mynbayev for the finalization of ONGCs 25% participation in the development of the offshore Satpayev exploration block. Mr Sundareshan said that Kazakhstan will be able to transfer the stake by February...