Kazakhstan stance toward Kashagan deal with ONGC unknown.

By bne IntelliNews January 11, 2013
Kazakhstan remained non-committal on supporting the Indian ONCG acquisition of ConocoPhillips stake in Kashagan field. The value of 8.4% stake in the field is valued at USD 5bn. Kazakh deputy oil and gas minister Bolat Akchukalov declined to provide details of Kazakhstan's position when visiting Delhi. He only reminded that the partners in the consortium developing Kashagan have 60 days to decide on their pre-emption right and the government has 180 days thereafter to approve the deal. Kashagan is the largest oil field in Kazakhstan. It will come on stream in the middle of this year.

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